Naples-based venture capital firm ROC Venture Group, known for numerous investments in artificial intelligence-related technology, acquired a 45-mile fiber optic project along the Interstate 95 corridor outside of Washington, D.C., an area company officials identified as having the highest concentration of data centers and fiber optic needs in the world. Terms of the deal weren’t announced. Company officials said the project emphasizes faster fiber technology than what currently exists in the area. The underground fiber optic network adheres to stringent specifications and supports the growing demand for secure, high-capacity data transmission. Company officials said this project underscores the critical role of advanced infrastructure in supporting AI, cloud computing, telemedicine, 5G networks and other data-intensive applications.
In announcing Jan. 6 that it would be stepping back from citrus farming, Alico Inc. also announced it would be...
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