GoPro Says It's Moving Into Data Centers As Part of a $285 Million Merger
GoPro plans to expand into AI infrastructure through a $285 million merger with optical-photonics company Starman Optical, whose transceivers will give the action-camera maker a foothold in the fast-growing data center market. GoPro also plans to push into defense, robotics, aerospace, and government markets while continuing its existing camera business. Engadget reports: Starman's optical…
GoPro is set to enter the data center market by merging with Starman Optical, an optical-photonics company. This $285 million merger will provide GoPro with access to Starman's transceivers, a key component in the booming AI infrastructure industry. In addition to its existing camera business, GoPro intends to expand into sectors such as defense, robotics, aerospace, and government.
The press release from Starman highlights that their optical transceivers will be incorporated into the combined company, expanding its presence in the AI infrastructure market. GoPro's stock has faced challenges in recent years, but the announcement has given it a temporary boost, as evidenced by its new largest individual shareholder, YouTuber and filmmaker Markiplier, who acquired an 8.5 percent stake in the company.
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