AI
Modal Labs Nears $750 Million Funding Round at $15.75 Billion Valuation
Modal Labs is nearing a $750 million funding round at a $15.75 billion valuation, as demand for AI inference infrastructure grows.
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Modal Labs is nearing a $750 million funding round at a $15.75 billion valuation, as demand for AI inference infrastructure grows.
Anthropic will spend $11.6 billion on Akamai cloud infrastructure over seven years, in a deal that could expand to roughly $20 billion.
AI infrastructure company Nscale is reportedly seeking $3.5 billion in financing ahead of a potential IPO later this month.
Anthropic signed a reported $45 billion compute deal with Nscale to expand AI infrastructure using Nvidia’s next-generation Vera Rubin chips.
Relativity Networks raised $22 million to expand hollow-core fibre technology designed to transmit data faster across large data centre deployments.
Nvidia will invest $1.5 billion in SB Energy and support OpenAI’s Ohio data centre, with Nvidia serving as the exclusive AI compute infrastructure provider.
British AI neocloud Nscale is acquiring Anyscale for a reported $1.65 billion as it expands into AI workload management and scaling software.
Mark Zuckerberg says Meta sees a major enterprise AI opportunity spanning business agents, APIs, productivity tools and potentially direct compute sales.
A BloombergNEF report projects AI-driven data centres will consume one-fifth of U.S. electricity by 2035 as compute demand and power requirements continue to rise.
Reflection AI has signed a $1 billion compute agreement with Nebius, gaining access to Nvidia’s latest AI chips to accelerate open AI model development.
Meta is preparing to launch a cloud business that will rent out excess AI computing power and infrastructure, creating a new revenue stream while competing with leading cloud providers.
Anthropic’s data centre agreement with SpaceX has sparked debate after reports suggested a multi-year contract, while Elon Musk described it as a short-term six-month arrangement. Here’s…
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