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Here's your afternoon, TNB Tech Minute for Friday, August 8th. I'm Julie Chang for the Wall Street Journal.

Private equity firm Silver Lake plans to announce a $400 million project that'll tackle the bottleneck in data center power.

Its plan is to secure already powered land, which it'll then sell to data center developers and hyperscalers.

The new platform will be a

joint venture between Silver Lake and a couple of principles at Commonwealth asset management.

Silver Lake says power availability is the biggest obstacle to data center development. The joint

venture says it's already secured three gigawatts of power and is developing sites in Texas and Georgia.

Lyft is getting into Robo taxis. The Ride Hill Company began testing out May Mobility's driverless

taxis in Atlanta this summer, and it plans to offer autonomous rides in Dallas in partnership

with Marubeni and Mobilai next year. Internationally, Lyft said it's partnered with Chinese tech

company Baidu to deploy vehicles using Lyft's ride-hailing platform in Germany and the UK next year,

pending regulatory approval. Finally, U.S. battery startup, Leighton has agreed to buy the remaining

European assets of Northfold. Swedish battery maker Northfold filed for

bankruptcy in March after it failed to secure financial backing. Lighten is developing lithium sulfur

batteries, which are seen as more environmentally friendly than lithium ion batteries. The startup is backed

by Stalantis, FedEx, Honeywell, and others. The acquisition includes Northolt's main factory

and research and development facility in Sweden, as well as the site of a future gigafactory in Germany,

and all intellectual property. The company plans to rehire a large portion of laid off staff.

And that's it for your TNB Tech Minutes today. Tune in Monday for another quick tech update.

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