AI cloud startup Volta valued at $2.4 billion, announces $10 billion AI partnership
FILE PHOTO: Figurines with computers and smartphones are seen in front of the words “Artificial Intelligence AI” in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/ File Photo
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
Aug 4 : Volta Infra, a seven-month-old AI infrastructure startup, said it raised funds at a $2.4 billion valuation and landed a $10 billion contract with an unnamed AI company to provide cloud-computing services in Europe alongside Bitdeer Technologies.
The startup has also launched a $5 billion AI infrastructure program with asset manager Azora to finance AI “factories,” it said in a statement on Tuesday.
Here are some details:
• Bloomberg News reported that the Nvidia-backed Volta’s $10 billion cloud contract is with Anthropic, citing people familiar with the matter.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
• Reuters has not been able to independently verify the report.
• The six-year agreement covers computing capacity at a data center operated by crypto mining firm Bitdeer in Norway with 133 megawatts of capacity powered by Nvidia’s Vera Rubin chips, the report said.
• Anthropic declined to comment and Volta did not immediately respond to a Reuters request for comment.
• AI companies have been spending heavily on computing infrastructure needed to run large language models.
• Volta said the Norway project is the first in a development pipeline exceeding one gigawatt of near-term power capacity across North America and Europe.
• The startup raised $300 million in a seed round and Series A financing, the Bloomberg report said.
• The rounds were led by Azora, Andreessen Horowitz, Altimeter and Nvidia, Volta said.
• Anthropic has signed a series of computing and investment agreements with companies including SpaceX, Advanced Micro Devices, Microsoft, Nvidia, Alphabet, Amazon.com and Micron Technology.
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
About The Author
