The Financial Stability Oversight Council has released its annual report recommending that state and federal regulators continue to assess risks posed by new uses of digital assets to the financial system and facilitate coordination to address potential issues related to such assets. FSOC said Friday member agencies should consider the recommendatio...
AttainX and seven other companies were awarded spots on the General Services Administration’s blanket purchase agreement for information technology services that support the agency’s digital transformation efforts, G2Xchange reported Thursday. The eight additional awardees joined the initial 12 contractors on the CIO Modernization and En...
Aerospace propulsion technology development company SPARC Research has entered into an agreement to acquire Design Integrated Technology, a manufacturer of equipment for testing propellants. Both companies are headquartered in Warrenton, Virginia, and expect to close the transaction in early 2022, SPARC said Thursday. Founded in 1988, DIT produces H...
Blue Delta Capital Partners has raised $215 million for its third fund and plans to use it to make growth-stage equity investments in federal government services providers in return for non-controlling ownership positions in such companies. The Tysons, Virginia-based venture capital firm said Wednesday the oversubscribed Blue Delta Capital Fund III ...
Six senators have urged Treasury Secretary Janet Yellen to issue informal guidance providing the definition of “broker” of cryptocurrency and other digital assets in a provision of the Infrastructure Investment and Jobs Act. Section 80603 of the law seeks to “provide more certainty for Americans looking to invest in these digital assets, ensur...
H.R. McMaster, a retired U.S. Army lieutenant general and former national security adviser, has joined the advisory board of Redwood City, California-based artificial intelligence software company C3 AI. “Enterprise AI is important to national security,” McMaster said in a statement released Wednesday. “I am grateful for the opportunity to sup...
On Wednesday, the Potomac Officers Club hosted its Air Force IT Modernization and Digital Transformation Forum, which gathered notable leaders from the U.S. Air Force and industry who spoke on leveraging public-private partnerships to accelerate infrastructure modernization, cybersecurity and other digital transformation initiatives during an era ...
NuScale Power has agreed to merge with blank check company Spring Valley Acquisition (NASDAQ: SV) in a transaction that would take the Fluor-backed (NYSE: FLR) company public and help commercialize its small modular reactor technology. Fluor said Tuesday it has invested over $600 million in NuScale since 2011 and expects to own about 60 percent...
Having millions and even billions of dollars recurring spending, the United States government and its federal agencies are known to be the world’s largest buyer of products and services. The federal government buys almost everything they need from big and small businesses. To quickly obtain their needs, the federal government made government c...
Booz Allen Hamilton (NYSE: BAH) has finished spinning off its artificial intelligence platform into a standalone company that will advance the deployment of production-ready AI, build on existing client base across federal and commercial markets and expand its developer community and partner ecosystem. McLean, Virginia-based Booz Allen said Thursday...
