Author: Newsdesk

TensorWave Partners with Credo to Power Next-Generation AMD-Based AI Clusters

Collaboration Enables Faster Time to First Token and Higher Cluster Utilization

SAN JOSE, Calif.–(BUSINESS WIRE)–Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, today announced a collaboration with TensorWave, the AMD-exclusive AI cloud provider, to deploy Credo’s ZeroFlap (ZF) family of Active Electrical Cables (AECs) and Optics across TensorWave’s next-generation AI cluster infrastructure. The collaboration supports TensorWave’s mission to deliver faster time to first token, higher cluster utilization, and production-grade reliability at scale.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260225947668/en/

Key Points:

• TensorWave will deploy Credo’s ZeroFlap AECs and Optics for future AI cluster builds.

• This enables TensorWave to move from physical deployment to first token more quickly and deliver higher network uptime and more tokens per hour across customer workloads.

• Credo’s ZF AECs and Optics provide best-in-class reliability that is up to 1,000 times better than legacy interconnect solutions and integrate with Credo’s PILOT telemetry management system.

Delivering on the ZeroFlap Promise

• Proven at scale: Credo has deployed millions of ZeroFlap AECs in large‑scale, scale‑out AI networks, delivering industry‑leading reliability of 100 million hours MTBF with no link‑flap events induced by soft errors.

• ZeroFlap Optics innovation: Credo’s ZeroFlap optical transceivers combine hardened optical designs and advanced telemetry with in‑band messaging, enabling remote management of bare‑metal infrastructure.

• Deep, real‑time telemetry integrated with Credo’s PILOT platform enables proactive monitoring, faster fault isolation, and the highest reliability optical interconnect solutions available today.

As an all-AMD AI cloud, TensorWave is focused on building high-performance infrastructure optimized for large-scale training and inference workloads. By integrating Credo’s ZeroFlap AECs and Optics into its network architecture, TensorWave strengthens its ability to deliver reliable, high-availability clusters to AI labs and enterprise customers.

“As AI cluster sizes continue to grow, interconnect reliability becomes a critical limiter—both for time‑to‑revenue and sustained uptime,” said Ameet Suri, VP for AEC Product, Credo. “Credo’s ZeroFlap AECs and Optics enable innovative infrastructure providers like TensorWave to architect and scale hardened networks faster, while delivering consistently high availability to their customers.”

“At TensorWave, we are building large-scale, AMD-exclusive AI infrastructure designed for production from day one,” said Darrick Horton, Founder and CEO of TensorWave. “As cluster sizes grow, network reliability becomes just as critical as GPU performance. Credo’s ZeroFlap AECs and Optics help us reduce deployment friction, accelerate time to first token, and maintain high cluster utilization, ensuring our customers can train and deploy models with confidence at scale.”

To learn more about the Credo products in this release, visit Credo’s ZeroFlap AECs and ZeroFlap optical transceivers product pages.

About Credo

Credo’s mission is to transform connectivity at scale through fast, reliable, and energy-efficient system solutions. Our high-speed copper and optical interconnect products deliver industry-leading power and performance at up to 1.6T to meet the ever-expanding data infrastructure demands of AI.

Our product portfolio includes ZeroFlap (ZF) Active Electrical Cables (AECs) and ZF optical transceivers, OmniConnect memory solutions, and a suite of retimers and DSPs for optical and copper Ethernet and PCIe, all leveraging the PILOT diagnostic and analytics software platform. Credo innovations enable our customers to connect the systems that connect the world.

For more information, please visit https://www.credosemi.com. Follow Credo on LinkedIn.

About TensorWave

TensorWave is the AI and HPC cloud purpose-built for performance. Powered exclusively by AMD Instinct™ Series GPUs, TensorWave delivers high-bandwidth, memory-optimized infrastructure that scales with the most demanding training and inference workloads. Backed by more than $166 million in funding from investors including Magnetar, AMD Ventures, and Nexus Venture Partners, TensorWave operates one of the world’s largest all-AMD GPU clouds and is expanding rapidly to meet global demand. For more information, please visit https://tensorwave.com.

Credo and the Credo logo are registered trademarks of Credo Technology Group Limited in the United States and other jurisdictions. All other trademarks referenced herein are the property of their respective owners.

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Credo is collaborating with TensorWave, the AMD-exclusive AI cloud provider, to deploy Credo’s ZeroFlap (ZF) family of Active Electrical Cables (AECs) and Optics across TensorWave’s next-generation AI cluster infrastructure. The collaboration supports TensorWave’s mission to deliver faster time to first token, higher cluster utilization, and production-grade reliability at scale.

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ElevenLabs and Better.com Showcase Success of AI Loan Agent, Betsy™, at Scale in Financial Services

Better partners with ElevenLabs to make AI assisted loans accessible through the first voice-based loan assistant built exclusively for the mortgage industry

NEW YORK–(BUSINESS WIRE)–
ElevenLabs, the AI audio research and deployment company, released a new enterprise case study highlighting how Better.com, a leading AI-native home finance company, uses ElevenLabs Agents to automate mortgage conversations at scale. This empowers Better.com to provide significant cost savings, higher conversion, and a faster borrower experience while meeting the demands in a highly regulated industry.

Better.com uses ElevenLabs Agents as the voice interface for Betsy™, its generative AI loan assistant, to handle nearly 100,000 mortgage-related phone calls per month, automating 35.5% of borrower inquiries end to end. In 2025 alone, Betsy placed 1.89 million inbound and outbound calls, saving Better’s loan officers more than 1,666 hours of human time each month.

“We built Better to be AI-native from day one. By combining Tinman® with ElevenLabs’ technology, we’ve scaled the first voice-base AI loan assistant built exclusively for the mortgage industry,” said Vishal Garg, Founder and CEO of Better.com. “AI-voice automation through Betsy™ has allowed us to move routine customer interactions out of manual workflows, helping us reduce the cost to originate while offering borrowers immediate and 24/7 support.”

These gains have allowed Better’s licensed consultants to shift away from repetitive follow-up tasks and focus on higher-value advisory work – helping borrowers navigate complex scenarios and make informed financial decisions.

Measurable Impact on Mortgage Economics

According to the case study, Better’s use of AI voice automation has delivered material business results across its consumer mortgage business, including:

• 41% reduction in average cost to originate
• 100% increase in lead-to-lock conversion in 2025
• More competitive borrower rates, driven by operational efficiencies passed directly into pricing

By moving routine eligibility checks, pricing conversations, and rate locks to an AI voice agent, Better has improved both borrower experience and unit economics without compromising compliance.

Better initially launched its voice experience using a speech-to-speech model but transitioned to a modular pipeline combining speech-to-text, a large language model, and text-to-speech with ElevenLabs Agents to achieve lower latency, greater control, and higher reliability. A key factor in selecting ElevenLabs was platform stability under high tool-call volume. In production, a single borrower conversation may trigger dozens of internal system calls. For financial services workflows that span multiple systems and regulatory checkpoints, this level of reliability at this scale is critical.

Betsy™ is layered on top of Better’s proprietary loan engine, Tinman®, which computes pricing, eligibility, and approvals. ElevenLabs Agents serve as the controlled voice interface, communicating Tinman’s outputs to borrowers. All regulated steps – including credit pulls, authentication, rate locks, and transfers to human consultants – require explicit consent and adhere to state licensing requirements.

Orchestration runs entirely within Better’s environment through an MCP-based multi-agent system connected to Tinman tools, while calls terminate at a single ElevenLabs Agent endpoint. This architecture ensures determinations remain within Better’s systems, with ElevenLabs providing a consistent, natural voice experience.

“Supporting nearly 100,000 borrower interactions a month in a highly regulated space like mortgage requires more than a great voice model,” said Lauren Rothwell, Head of Agents Growth at ElevenLabs. “It requires reliability, accuracy, and full compliance – and that’s exactly what ElevenAgents is built to deliver. We’re proud to partner with Better to power a sophisticated AI agent that’s transforming financial services.”

Through the use of ElevenLabs Agents, Better now delivers a consistent, natural voice experience across every borrower interaction. Tinman’s scenario modeling enables exploration of options that would be difficult to compute manually, while the cloned “Betsy” voice ensures clarity and continuity across millions of conversations.

The full case study is available on ElevenLabs’ website: https://elevenlabs.io/blog/better.

About ElevenLabs

ElevenLabs is reimagining human-technology interaction through advanced AI research and products. ElevenAgents enables businesses to deploy reliable, intelligent agents at scale, with built-in integrations, testing, monitoring and enterprise-grade reliability. ElevenCreative empowers creators and marketers to generate and edit speech, music, images, and video in more than 70 languages. Both platforms are powered by ElevenLabs’ industry-leading AI research. The company pioneered the first human-like AI voice model and has since expanded its capabilities across dubbing, transcription, music, sound effects and speech-to-speech technologies.

About Better Home & Finance Holding Company

Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Since 2016, Better has leveraged its industry-leading AI platform, Tinman®, to achieve a singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman™ allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, the first voice-based AI loan assistant built exclusively for the mortgage industry, revolutionizes the homebuying journey by delivering timely application status updates to consumers, answering questions, and moving their loan application along 24/7/365. Better’s mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo mortgage loans. In January 2023, Better launched “One Day Mortgage,” allowing eligible customers to go from click to Commitment Letter within 24 hours. Better serves customers in all 50 US states and the United Kingdom.

For more information, follow @betterdotcom on Instagram and TikTok.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260225955474/en/

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Backblaze to Present at the Citizens Technology Conference

SAN MATEO, Calif.–(BUSINESS WIRE)–
Backblaze, Inc. (Nasdaq: BLZE), the high-performance cloud storage platform for the AI era, today announced participation in the following investor conference:

Citizens Technology Conference in San Francisco

Monday, March 2, 2026

Marc Suidan, Chief Financial Officer

12:00 p.m. PT (3:00 p.m. ET)

The presentation will be webcast. Links to the live and archived webcast will be available on the “Events & Presentations” section of the Backblaze investor relations website at ir.backblaze.com.

About Backblaze

Backblaze (NASDAQ: BLZE) gives businesses the freedom to innovate without limits by removing the barriers of lock-in, complexity, and cost. Our high-performance cloud object storage accelerates AI workflows, powers data-heavy applications, streamlines media management, and protects critical data. As an award-winning independent cloud, we provide unparalleled levels of interoperability that enable over 500,000 of our customers to reach and serve hundreds of millions of end users in 175 countries around the world. For more information, please go to www.backblaze.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260225639601/en/

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KleanNara Partners with Rimini Street to Accelerate Digital Transformation

South Korea’s leading paper manufacturer cuts SAP ECC 6 and Oracle Database maintenance costs with Rimini Support™, freeing up funds and team focus for AI-driven innovation and growth

LAS VEGAS–(BUSINESS WIRE)–Rimini Street, Inc. (Nasdaq: RMNI), the Software Support and Agentic AI ERP Company™, and the leading third-party support provider for Oracle, SAP and VMware software, today announced KleanNara has selected Rimini Street to provide support for its SAP ECC 6 and Oracle Database systems.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260225123422/en/

Founded in 1966, KleanNara is one of South Korea’s leading manufacturers of paper and hygiene products. Holding a 25% share of the white cardboard market, the company is known for its commitment to quality, sustainability and innovation, and continues to expand globally with a focus on ESG-driven, eco-friendly products.

Breaking Free from Traditional ERP Support Constraints

For years, KleanNara relied on a traditional ERP support model for its SAP ECC 6 and Oracle Database, systems which are critical for the company’s finance, accounting, sales and customer data management. As the company expanded, IT operations faced high support costs, unresponsive and low-value support services and forced software upgrades just to maintain vendor support.

“To accelerate digital transformation and to remain competitive in a rapidly changing market environment, it was imperative to increase the flexibility and efficiency of our IT systems,” said Hongjun Jang, digital experience manager at KleanNara. “We needed to keep current systems stable while adopting new technologies and establishing a business-driven roadmap.”

Rimini Support™ Brings Stability, Flexibility and Significant Cost Savings

KleanNara needed an ERP support model that could dramatically cut costs, deliver faster, more reliable service and free up people, time and money for growth projects such as AI, cloud strategy and leveraging Internet of Things (IoT) to optimize operations. The company chose Rimini Street for its strong reputation in the industry and ability to provide expert, responsive service with transparent, structured SLAs and a client-focused service model.

KleanNara achieved immediate financial benefits with Rimini Support™ for SAP and Rimini Support™ for Oracle. By consolidating support under one trusted partner, KleanNara reduced annual vendor support fees by 50% and achieved major improvements in support responsiveness.

“Rimini Street is quick and accurate, especially when working with customized code and complex systems,” Jang said. “Issues that would have taken days to resolve with a traditional vendor are often resolved within hours with Rimini Street.”

Investing in AI-Driven Innovation to Support Growth

With the savings and time KleanNara regained by switching from vendor support to Rimini Street, the company accelerated several key initiatives, including building an AI-powered analytics platform, expanding cloud footprint and implementing IoT in production. These efforts enable the company to forecast and respond to market demand, reduce production costs and maximize inventory efficiency. The savings also support talent recruitment and development to further KleanNara’s digital transformation vision.

“Reducing fixed costs and optimizing IT operating expenses has paved the way to reinvest resources in core business objectives, including digital transformation, developing eco-friendly products and streamlining production processes, which have been instrumental in strengthening the company’s competitiveness and supporting sustainable growth,” Jang said. “Stabilizing our core systems created space to innovate. Rimini Street has become a key partner in helping us modernize while maintaining the reliability we need.”

“Mandatory migrations and frequent upgrade cycles often expose organizations to unnecessary risks, unexpected costs and operational disruptions — threatening business continuity and slowing innovation,” said Hyungwook Kim, GVP and regional GM, Rimini Street Korea. “We’re proud to be KleanNara’s partner and help them break free from these constraints, empowering their IT teams to focus on priority initiatives and drive measurable business outcomes. Rimini Street delivers the stability, flexibility and expert guidance needed to support and accelerate KleanNara’s ambitious growth and digital transformation goals.”

Discover how KleanNara is driving innovation with Rimini Street’s support for SAP and Oracle.

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a proven, trusted global provider of end-to-end, mission-critical enterprise software support, managed services and innovative Agentic AI ERP solutions, and is the leading third-party support provider for Oracle, SAP and VMware software. The Company has signed thousands of IT service contracts with Fortune Global 100, Fortune 500, midmarket, public sector and government organizations who have leveraged the Rimini Smart Path™ methodology to achieve better operational outcomes, billions of US dollars in savings and fund AI and other innovation.

To learn more, please visit www.riministreet.com and connect with Rimini Street on X, Facebook, Instagram, and LinkedIn.

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “anticipate,” “assume,” “believe,” “budget,” “continue,” “could,” “currently,” “estimate,” “expect,” “forecast,” “future,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “goal,” “potential,” “predict,” “project,” “reflect,” “results,” “seem,” “seek,” “should,” “will,” “would” and other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to our ability to attract new clients or retain and/or sell additional products or services to existing clients; our ability to achieve and maintain an adequate rate of revenue growth; cost of revenue, including changes in costs associated with our efforts to grow and the results of any efforts to manage costs to align with current revenue expectations and the expansion of our offerings; the effects of increased intense competition in our industry and our ability to compete effectively; our ability to successfully educate the market regarding the advantages of our support and managed services for enterprise resource planning (ERP) software and to sell the products and services comprising our “Rimini Smart Path™” solutions portfolio, including but not limited to our Agentic AI ERP solutions; our intentions with respect to our pricing model and expectations of client savings relative to use of other providers; the evolution of the ERP software management and support landscape facing our clients and prospects; estimates of our total addressable market; the effects of seasonal trends on our results of operations, including the contract renewal cycles for vendor-supplied software support and managed services; the effects of the efforts of enterprise software vendors to sell upgrades or migrations to cloud-based versions of their enterprise software on our results of operations; our ability to scale our operations quickly enough to meet our clients’ changing needs or decrease our costs adequately in response to changing client demand; risks arising from incorporating artificial intelligence (“AI”) technologies into our products or services or any deficiencies associated with AI technologies used by us or by our third-party vendors and service providers; our ability to maintain, protect, and enhance our brand; the continuing impact of and our ability to comply with the terms of our July 2025 settlement agreement with Oracle; our wind down of support services for Oracle PeopleSoft software products and the impact on future period revenue and costs incurred related to these efforts; the loss of one or more members of our management team and our ability to attract and retain additional qualified technical, sales and marketing personnel; our ability to expand our marketing and sales capabilities; our ability to avoid interruptions to, or degraded performance of, our services and the impact of any such interruptions or performance problems on our operations; our ability to defend against cybersecurity threats and to comply with data protection and privacy regulations; our expectations regarding new product offerings, innovation solutions, partnerships and alliance programs and our ability to develop and maintain strategic partnerships; our ability to expand internationally and the risks associated with global operations; the impact of macro-economic trends, including inflation and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; our ability to generate significant capital through our operations or to raise additional capital necessary to fund and expand our operations and invest in new services and products; our business plan and our ability to effectively secure and manage our growth and associated investments; risks relating to retention rates, including our ability to accurately forecast retention rates; our ability to protect our intellectual property; our ability to maintain an effective system of internal control over financial reporting; changes in laws or regulations, including tax laws or unfavorable outcomes of tax positions we take; tariff costs, including those imposed by the United States government and the potential for retaliatory trade measures by affected countries; our ability to realize benefits from our net operating losses; any negative impact of environmental, social and governance (“ESG”) matters on our reputation or business and the exposure of our business to additional costs or risks from our reporting on such matters; our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the volatility of our stock price; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; our ability to maintain our good standing with the United States government and international governments and capture new contracts with governmental entities/agencies; the occurrence of catastrophic events that may disrupt our business or that of our current and prospective clients; future acquisitions of, or investments in, complementary companies, products, subscriptions or technologies; and those discussed under the heading “Risk Factors” in Rimini Street’s Annual Report on Form 10-K filed on February 19, 2026, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the U.S. Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

© 2026 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260225123422/en/

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Rimini Street, Inc.

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KleanNara Partners with Rimini Street to Accelerate Digital Transformation

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Apartments.com Releases Multifamily Rent Growth Report for February 2026

National rent growth remained positive but uneven in February following a December inflection

ARLINGTON, Va.–(BUSINESS WIRE)–
Today, Apartments.com, an industry-leading online marketplace of CoStar Group, Inc. (NASDAQ: CSGP), published its latest report on multifamily rent trends for February 2026.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260225884192/en/

U.S. apartment rents grew in February, with the national average increasing to $1,716 — a +0.1% increase from December’s upwardly revised figure of $1,714. This uptick marks a continuation of positive monthly rent change that began in December 2025, but at a moderated pace. Prior to December, the monthly trend was flat or negative for five consecutive months. Annual rent growth eased marginally to 0.4% in February 2026 from 0.6% in the prior month and down from +1.5% in February 2025.

Apartment rent growth generally follows a seasonal pattern, accelerating in the spring and slowing in late summer and fall. Rents in February typically build on growth that begins with the December inflection. While rent change in February 2026 was positive, the gain was modest relative to typical February seasonality observed from 2010 to 2025, which averages 0.3%. Although rent declines were more pronounced in late summer and early fall of 2025, the monthly trend has stabilized since November, with February extending positive rent growth at a slower pace than January. Supply pressures remain elevated and continue to temper momentum, resulting in uneven early-year gains that remain below typical February seasonal averages.

Metro-level performance eased across the U.S. in February, with 38 of the top 50 markets posting rent increases, down from 42 of the top 50 markets in January. Month-over-month rent growth leaders were Richmond +0.8%, San Jose +0.6% and Louisville +0.6%.

The steepest monthly declines occurred in Nashville, down -0.2%, followed by Charlotte, Tampa, Houston, Austin, Orlando, Seattle and Orange County, all down -0.1%. These Sun Belt markets face elevated vacancy amid aggressive new supply, putting downward pressure on rents, while the Pacific Coast markets’ employment growth lags the national pace.

San Francisco posted the strongest annual rent growth at +5.7%, followed by Norfolk at +4.1%, San Jose at +3.5% and Chicago at +3.0%. In contrast, Austin recorded a -5.1% decline, while Denver fell -3.4% and Phoenix declined -3.3%, each reflecting oversupply outpacing demand.

These patterns reinforce the broader trends: markets with the highest levels of new construction are seeing the weakest rent performance, while more supply-constrained metros — particularly in the Midwest and select coastal areas — continue to outperform. In select markets, however, falling employment and softening demand may also be contributing to weaker rent growth.

While many markets have moved past peak supply, a substantial, though easing, inventory overhang continues to weigh on rent growth across the country.

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260225884192/en/

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CoStar Group

(202) 346-6775

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Dell PowerEdge XR9700 Brings Cloud RAN and AI to Harsh Edge Environments

Liquid-cooled, weather-resistant server enables zero-footprint deployments in extreme outdoor conditions, expanding network capacity where space and power are constrained

• Industry’s first outdoor x86 server for cloud RAN and edge applications¹
• Closed-loop liquid-cooled, ultra-compact, weather-resistant server will accelerate cloud RAN, edge computing and AI use cases in extreme environments including utility poles, rooftops and beyond

• New server will enable open compute capabilities at zero-footprint locations

ROUND ROCK, Texas–(BUSINESS WIRE)–
Dell Technologies (NYSE: DELL) introduces the Dell PowerEdge XR9700 server, a first of its kind closed-loop liquid-cooled, fully-enclosed, ruggedized server engineered to run Cloud RAN and edge AI workloads in unprotected outdoor environments. Designed to mount on utility poles, rooftops and building exteriors, the PowerEdge XR9700 brings high performance computing into dense urban areas, remote locations and space-constrained facilities where traditional data center infrastructure cannot reach.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260225863901/en/

Why it matters

Telecommunications operators and those working at the edge often struggle to deploy compute due to lack of power and space. The PowerEdge XR9700 solves this, delivering high performance compute directly at the point of need in an ultra-compact, zero-footprint IP66-rated enclosure that’s sealed from the elements. For telecommunications operators, it provides a flexible, software-defined alternative to traditional RAN solutions, supporting Cloud RAN and Open RAN processing at the cell site. At the same time, the platform can run edge and AI applications directly where data is created and consumed.

Built for Extreme Conditions

Designed to withstand the harshest environments, this platform’s ultra-compact IP66-rated enclosure and GR-3108 Class 4 certification delivers reliable, quiet performance in environments exposed to extreme temperatures, dust and moisture. Closed-loop liquid cooling with a thermal management architecture maintains consistent operation across a temperature range of -40°C to 46°C (-40°F to 115°F) and withstands direct solar radiation, all in a compact 15-liter form factor suitable for mounting on utility poles, rooftops and building sides. This zero-footprint design brings telecom and edge workloads to locations where only traditional radio solutions could previously operate.

Performance that Scales

Powered by the Intel Xeon 6 SoC with integrated Intel vRAN Boost technology and Intel AMX technology, the PowerEdge XR9700 delivers the processing power and fronthaul connectivity to support up to 15 5G sectors in a single server. While optimized for Cloud RAN, the platform’s flexibility allows operators to run edge and AI workloads based on network architecture and service requirements.

As part of the Dell PowerEdge XR-Series, the XR9700 integrates with Dell’s existing management tools and software stack. Integrated Dell Remote Access Controller (iDRAC) provides remote visibility and control for zero-touch provisioning (ZTP), while compatibility with the same Cloud RAN software validated on the PowerEdge XR8720t simplifies certification and accelerates telecom deployments.

Perspectives

Andrew Vaz, vice president, Dell Technologies: “Operators and enterprises shouldn’t have to compromise when deploying compute in challenging environments. The Dell PowerEdge XR9700 brings Cloud RAN, Open RAN, and edge AI capabilities to places they’ve never been able to go before, opening up new possibilities for network expansion and edge applications.”

Cristina Rodriguez, vice president and general manager, Intel Network & Edge: “Intel Xeon 6 SoC processors are built to deliver market-leading performance with breakthrough power- and space-efficiency. Through long-standing collaboration with Dell – including the newest PowerEdge servers – together, we’re empowering operators and enterprise alike to access the power of open, virtualized and AI-driven innovations for their most challenging environments. This represents a significant step forward in making 5G and edge computing truly ubiquitous.”

Rakuten Mobile, as one of the launch customers, will deploy the Dell PowerEdge across its nationwide mobile network in Japan.

Sudhakar Pandney, head of RAN, Rakuten Mobile: “The relationship with Dell Technologies is key for Rakuten Mobile’s virtualized Open RAN cloud-native infrastructure in Japan. Their new server solution will significantly enhance the efficiency and performance of our high-performance Cloud RAN and AI capabilities, particularly in challenging outdoor environments, ensuring superior 5G services and advanced edge applications for our nationwide network.”

Ji-Yun Seol, executive vice president and head of Product Strategy, Networks Business, Samsung Electronics: “Samsung is committed to accelerating the shift toward AI-native, end-to-end software-driven networks, and we continue to work closely with our ecosystem partners to deliver virtualized solutions optimized for diverse deployment requirements. Dell PowerEdge XR9700 offers a promising pathway to further expand our vRAN to challenging edge environments, while enhancing operational efficiency.”

Availability

The Dell PowerEdge XR9700 will be globally available 2H CY 2026.

Additional resources

• Find out more about the Dell PowerEdge XR9700.
• Learn more about Dell Open Telecom Ecosystem Lab (OTEL) AI-assisted telecom testing and validation.
• Connect with Dell on X and LinkedIn

About Dell Technologies

Dell Technologies (NYSE: DELL) helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry’s broadest and most innovative technology and services portfolio for the AI era.

© Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries.

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1 Based on Dell internal analysis, February 2026.

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Media Relations: [email protected] 

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Dell PowerEdge XR9700 server

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Consumers Demand More from AI-Powered Customer Service, Says Research

New Pega study suggests businesses using AI aren’t meeting customer expectations…yet

WALTHAM, Mass.–(BUSINESS WIRE)–
Consumers don’t yet trust artificial intelligence (AI) to give them the customer service experiences they demand, according to research conducted by Pegasystems Inc. (NASDAQ: PEGA), The Enterprise Transformation Company™, and YouGov.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260225835070/en/

The study polled more than 4,700 consumers from North America and the United Kingdom on consumer perceptions of artificial intelligence and how businesses use it. It found consumers are fed up with inaccurate, unpredictable AI-driven experiences, pointing the finger of blame not at the technology itself, but instead at the way businesses are using it with them.

Two-thirds (64%) of consumers reported they are either “not very confident” or “not at all confident” in the way businesses use GenAI when interacting with them, while more than half (53%) lacked confidence that organizations use GenAI responsibly.

This distrust in business use of AI is fueled by a number of factors:

• AI needs to be more reliable: Almost half (46%) of respondents said they either “rarely” or “never” get successful customer service outcomes through AI-powered interactions, raising questions about how accurately businesses are implementing these solutions. A similar number (48%) don’t trust businesses using AI to completely handle their customer service interactions as a result.
• AI can’t match the human touch: Today, 77% of consumers say they “always” or “often” achieve better outcomes when dealing only with a human. Meanwhile, two-thirds (66%) prefer human-led support, suggesting businesses aren’t doing a good enough job of empowering AI to provide the right customer experiences. By comparison, just two percent want to interact exclusively with GenAI chatbots, indicating that businesses must radically rethink their approach to deploying AI for customer service if they are to build confidence and trust, and provide better outcomes.
• Successful AI blends into the background: While nearly half (48%) say they never actively choose to use GenAI in everyday tasks, there’s also evidence to suggest that consumers are sanguine about its use when implemented effectively, and accept becoming more aware that it is something that is already becoming a part of their daily lives. Just 14% say they actively choose to use AI less than once a month, with just 9% saying they choose to use it every day. Despite this, one quarter (24%) thinks they probably use it every day without realizing it.

Quotes & Commentary:

“AI can be transformational for customer service – but it has to live up to customer expectations,” said Simon Thorpe, director, Pega. “There’s a simple reason why we’re seeing a lack of consumer trust in the use of AI. There are just too many first-hand examples of businesses deploying these tools in ways that lead to dead ends and frustration. Businesses must build back consumer trust by moving past simple chatbots and deploying predictable AI agents that consistently get work done on behalf of customers. If businesses can use AI to make customer service faster and easier, they can drive massive new efficiencies while retaining customer trust.”

Supporting Resources:

• Pega Generative AI: https://www.pega.com/technology/generative-ai
• Pega Customer Service: https://www.pega.com/products/customer-service
• Pega Agentic Self-Service: https://www.pega.com/products/agentic-self-service

Notes to editors

All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 4,748 adults in the UK (2,222) and US (2,526). YouGov undertook all fieldwork between 4th – 13th November 2025. The survey was carried out online. The figures have been given an even weighting for each country to produce an ‘average’ value.

About Pegasystems

Pega provides the leading AI-powered platform for enterprise transformation. The world’s most influential organizations trust our technology to reimagine how work gets done by automating workflows, personalizing customer experiences, and modernizing legacy systems. Since 1983, our scalable, flexible architecture has fueled continuous innovation, helping clients accelerate their path to the autonomous enterprise. Ready to Build for Change®? Visit www.pega.com.

All trademarks are the property of their respective owners.

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Jon Brigden

Pegasystems

[email protected]

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American Express to Build New State-of-the-Art Global Headquarters at 2 World Trade Center, Deepening Commitment to Lower Manhattan

Spanning nearly two million square feet, the new American Express building will be custom designed to provide the workplace experience of the future

NEW YORK–(BUSINESS WIRE)–
American Express (NYSE: AXP) today announced plans to build a new state-of-the-art global headquarters at 2 World Trade Center in Lower Manhattan. American Express will be the sole owner and occupant of the new building, which is expected to be completed in 2031. The new headquarters will be custom designed to foster innovation, collaboration, and well-being for colleagues, while reinforcing the company’s deep roots in New York City.

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“This is an investment in our company’s future, our colleagues, and the Lower Manhattan community, reaffirming our deep commitment to the neighborhood we’ve called home for nearly two centuries,” said Stephen J. Squeri, Chairman and Chief Executive Officer of American Express. “Our new headquarters will be more than just a building — it will be a place for our colleagues to feel energized, inspired, and proud — a home for innovation, interaction, and growth. We’re excited to work with our partners and local leaders to shape this exciting new era for American Express and Lower Manhattan.”

Spanning nearly two million square feet across 55 floors, the new American Express building will have capacity to host up to 10,000 colleagues across flexible and modern workspaces designed to inspire collaboration and creativity. It will feature more than an acre of outdoor space with several greenery-filled terraces and gardens and sweeping views of the Manhattan skyline. Designed with advanced smart-building technology and fully-electric, energy-efficient systems, the project will pursue Leadership in Energy and Environmental Design (LEED) certification. Silverstein Properties is the developer, and Foster + Partners is the design architect for the project.

Located at 200 Greenwich Street, the building will be developed on land owned by the Port Authority under a long-term ground lease. The project represents a significant investment in the future of work, technology, and the ongoing economic vibrancy of Downtown Manhattan. The development is expected to create over 3,200 direct and indirect construction-related jobs in New York City during the duration of the project, with an estimated contribution of approximately $5.9 billion to the City’s economy and $6.3 billion to the New York State economy overall.¹

American Express moved to its current headquarters at 200 Vesey Street in 1986 and has made significant investments over the decades to support its New York-based colleagues, the neighborhood’s economic vibrancy, and the local community.

Construction is planned to begin in the spring of 2026, and American Express expects to begin welcoming colleagues to the new building in 2031. The company will retain its current headquarters at 200 Vesey Street until the completion of the project.

The project is not expected to have a material impact on the company’s financial results.

Official Statements

Kathy Hochul, Governor of New York State: “The evidence keeps building: there is no better state than New York to do business, and from flagship corporations to small businesses, we are seeing employers plant their flag in our state for generations to come. Building 2 World Trade Center will bring another iconic skyscraper to Lower Manhattan, create thousands of good-paying union jobs, and provide billions in economic benefits to New Yorkers. Thank you to American Express for doubling down on your commitment to New York and to partners at the Port Authority for getting this deal done.”

Kevin O’Toole, Chairman of the Port Authority of New York and New Jersey: “Moving forward with the final commercial office building at the World Trade Center marks an important milestone for this campus and for the region. 2 World Trade Center strengthens one of the country’s most significant centers of commerce and transportation and reflects the sustained focus required to advance projects of this scale.”

Kathryn Garcia, Executive Director of the Port Authority of New York and New Jersey: “Building 2 World Trade Center marks a major step forward for Lower Manhattan and underscores the strength, vibrancy, and resurgence of the World Trade Center campus and New York. This investment advances a fully built-out office complex and reinforces its appeal to iconic global businesses and the workforce that powers them. It adds to the momentum of a site that supports work, transit, culture, tourism, and community on a daily basis.”

Jeffrey Lynford, Vice Chairman of the Port Authority of New York and New Jersey:“Projects of this scale materially strengthen the long-term performance of the World Trade Center campus and the Port Authority’s overall portfolio. Sustained commercial activity on the campus supports reliable revenue that we invest in the transportation network our region relies on every day. I’m grateful to the Port Authority team and our partners for their hard work in getting this agreement across the finish line.”

Zohran Kwame Mamdani, Mayor of New York City: “The completion of the final commercial building at the World Trade Center is more than an investment — it’s a testament to the power of union labor and the dignity of work. This project represents thousands of good, union jobs that sustain families and strengthen our communities. When we invest in New York, we must ensure that investment flows to working people — to the carpenters, electricians, and laborers who quite literally build this city. That’s how we grow our skyline and our economy at the same time: by putting working New Yorkers first.”

Project Partner Statements

Lisa Silverstein, Chief Executive Officer of Silverstein Properties: “American Express’ investment to build its new headquarters in this landmark location is a powerful statement about the future of Lower Manhattan. I can’t imagine a better partner to complete the World Trade Center campus than American Express, an iconic institution embodying the strength, resilience, and global significance of the project.”

Norman Foster, Founder and Executive Chairman of Foster + Partners: “The design of the American Express building is rooted in sustainability and well-being, to create a state-of-the-art environment that supports the company’s vision for the future. A network of landscaped terraces and gardens provides generous outdoor spaces and contact with nature in the pursuit of a healthier and more desirable working lifestyle.”

1	Economic and fiscal impact analysis prepared by AKRF, 2 World Trade Center Economic and Fiscal Benefits, February 9, 2026.

ABOUT AMERICAN EXPRESS

American Express (NYSE: AXP) is a global payments and premium lifestyle brand powered by technology. Our colleagues around the world back our customers with differentiated products, services, and experiences that enrich lives and build business success.

Founded in 1850 and headquartered in New York, American Express’ brand is built on trust, security, service, and a rich history of delivering innovation and Membership value for our customers. We seek to provide the world’s best customer experience every day to a broad range of consumers, small and medium-sized businesses, and large corporations, and we build and manage relationships with millions of merchants across our global network.

For more information about American Express, visit americanexpress.com, americanexpress.com/en-us/newsroom/, and ir.americanexpress.com.

Cautionary Note Regarding Forward-Looking Statements

This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. The forward-looking statements, which include current expectations regarding the company’s global headquarters and its development, estimated completion date and impact to the company’s financial results, among other matters, contain words such as “believe,” “expect,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” estimate,” “continue” and similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company undertakes no obligation to update or revise any forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements, include, but are not limited to: risks of real estate development, including the construction delays and cost overruns, receipt of requisite approvals, liability or contract claims by or against project partners, construction firms, governmental bodies or others, the impact of environmental laws and our ability to procure sufficient insurance coverage on acceptable terms; changes in economic and market conditions, including inflation and building supply chain disruptions; severe weather conditions, natural disasters or other catastrophic events affecting the property or its development; and changes in certification standards. A further description of these and other risks and uncertainties can be found in American Express’ Annual Report on Form 10-K for the year ended December 31, 2025 and its other reports filed with the SEC.

Note: Images above are proposed renderings. Final details, features, and specifications are subject to change.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260224876185/en/

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Located at 200 Greenwich Street, the new American Express headquarters is designed by Foster + Partners.

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The building will feature more than an acre of outdoor space with several greenery-filled terraces and gardens.

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The building will be a landmark addition to the Manhattan skyline.

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