By Greg Ryan Boston-based Rafi Properties has withdrawn a zoning proposal that would enable the firm to build taller at its Somernova business campus in Somerville, with plans to refile the measure this spring after more discussions with local officials and residents. Last year, Rafi proposed replacing Somernova’s low-slung structures with five significantly taller buildings totaling nearly 2 […]
By Thomas Lee When OpenAI debuted its ChatGPT bot earlier this year, the startup attracted enormous attention and launched a wave of interest in artificial intelligence. But Google,which has long led the way in rolling out new technologies to support its search business, was caught flat-footed.Now, as the tech giant celebrates its 25th anniversary amid […]
By Lucia Maffei The company formerly known as Raytheon is selling its Dulles, Virginia-based cybersecurity business for approximately $1.3 billion. RTX Corp. (NYSE: RTX) said in its earnings report Tuesday it has entered into a definitive agreement to sell the cybersecurity, intelligence and services business within its Raytheon segment. The sale price is subject to regulatory […]
By Lucia Maffei A startup based in Littleton is attracting the attention of one of the U.S. government’s investors to solve a problem that’s both unsexy and inevitable: the increased heat generation and water and electricity consumption in data centers supporting rapidly rising technologies such as advanced AI. The startup is JetCool Technologies Inc., an MIT […]
Somerville, MA, July 10, 2023 – Stephanie Deering, Vice President of ABG Commercial Realty, proudly announces the successful leasing of a 5,000 square feet commercial space in Somerville to Skylla Technologies Inc. Renowned for their innovation in human-aware robotics solutions, Skylla Technologies Inc brings intelligence and awareness to robots and systems, driving a safer and more […]
But as venture outlays fall, a recent spurt of layoffs has clouded outlook By Robert Weisman Globe Staff Massachusetts continued to expand its biopharma workforce in research labs and manufacturing plantslast year even as venture capital investment dwindled and fewer biotech companies went public. Overall employment in the sector — a bellwether of the state’s […]
By: Hiawatha Bray Electric car owners constantly fret over keeping their vehicle’s battery charged. In Alex Gruzen’s world, they won’t even think about it. Gruzen is chief executive at WiTricity, a Watertown company that designs wireless charging systems. Like Wi-Fi, which delivers internet data without wires, WiTricity uses magnetic fields rather than cables to give […]
By Greg Ryan Astellas Pharma Inc. has agreed to take space on two floors of the newest lab building in the massive Cambridge Crossing mixed-use development, one of the region’s largest lab leases this year. The Japanese pharmaceutical giant will occupy about 62,000 square feet at 441 Morgan Ave., a 10-story building whose core and shell […]
By Greg Ryan Locus Robotics formally broke ground Wednesday on a nearly 200,000-square-foot headquarters in Wilmington, the town where the robot maker is now based. The new facility, at 100 Fordham Road, will replace its current home at 301 Ballardville St. in Wilmington and house the company’s executives and engineering, manufacturing and operations personnel. Locus’ European […]
By Rowan Walrath Massachusetts leaders want to make the commonwealth a hub for not just the research of drugs, but for the manufacturing of drugs. It’s a goal that’s seen progress in stops and starts before. The Genetics Institute Inc., the legendary Cambridge company that pioneered biomedical research in the early 1980s, set up shop in […]
