Nvidia is not content selling chips: now it is buying the power connection
The chipmaker has taken a stake in Cloverleaf Infrastructure, which brokers between utilities and data centers.
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Funding, acquisitions, hiring and strategy.
Five GPU clouds side by side: one label, five different businesses
CoreWeave, Nebius, Lambda, Crusoe and Groq compared on published pricing, contracted power and hardware roadmap.
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China's AI hub is a grassland city, and Ulanqab is running out of water
Nearly a hundred data centers have gone up in this Inner Mongolian city. Power is cheap and winters are cold, but rainfall matches Denver's.
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YouTube creators who took AI money are facing their own audiences
Videos promoting Higgsfield carried no ad label. The company later confirmed the creators were paid in cash and platform credits.
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$250 million for a data center in orbit — but the bottleneck is rockets
Starcloud is now valued at $2.3 billion. Its CEO says the hardest constraint ahead is not chips but booking launch capacity.
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Compute heads to the exchange: a futures contract for GPU rental is being prepared
Silicon Data aims to become the reference price for GPU rental and to build the index a futures contract would settle against. It raised $30 million, with trading planned to start on the CME on 5 October.
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Etched's valuation doubles in a month to $21 billion
Etched, which builds inference hardware, raised another $700 million led by Jane Street. Its valuation went from $10.3 billion in July to $21 billion, with the round led by a fund that tested and bought the hardware first.
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Dictation app Wispr raises $280 million at a $2 billion valuation
The company behind Wispr Flow raised $280 million in Series B funding. Its valuation nearly tripled in under a year, and it announced a new model it says will fix a recent drop in dictation quality.
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An AMD claim in Google's 10th-generation TPU: CPUs moving into the accelerator package
Google is reported to be working with AMD on its 10th-generation TPU family. The more striking point is that Google is weighing adding CPU cores to the TPU package, as reasoning and agent workloads demand more general-purpose compute.
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The giant Ohio data center: Nvidia backing it with up to $105 billion
OpenAI has leased a campus in Ohio from SoftBank subsidiary SB Energy for 20 years. Nvidia is backing the project with up to $105 billion and becomes the exclusive chip supplier; Jensen Huang says the bottleneck is now land, power and shell.
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Groq raises $350 million: from chipmaker back to cloud provider
After losing its founder and top team to Nvidia, Groq abandoned its own chip effort and became a cloud company operating Nvidia systems. The new round values it at $3.5 billion.
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Stripe is reportedly acquiring model gateway OpenRouter for more than $7 billion
According to Bloomberg, Stripe has finalised a deal to acquire OpenRouter, which gives customers a single access point to different AI models. The company raised at a reported $1.3 billion valuation in May.
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Zuckerberg's superintelligence letter and Meta's two-model definition of openness
Mark Zuckerberg published a long piece arguing superintelligence should be distributed to everyone rather than concentrated in a few institutions. The same week Meta released the open-weight Glimmer, while the more powerful Muse Spark stays behind its own APIs.
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Databricks wanted $1 billion and took $5 billion: the squeeze of late-stage rounds
Databricks co-founder Ali Ghodsi described how the company actually wanted to raise $1 billion but, faced with $15 billion of interest that followed a news report, closed a $5 billion round at a $190 billion valuation.
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Investors expect a $2 trillion valuation at Anthropic's public listing
According to six of the company's backers, Anthropic's planned October float could come at a valuation of $2 trillion or more. That would make it the largest initial public offering ever.
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In the agent era, demand shifts from specialists to polymaths
Workday executives say demand in an agent-enabled workplace is moving from specialists who know one domain deeply to professionals working across several. Two qualities are sought: adaptability and the confidence to decide.
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Buy the company, then install the AI: Thrive raises $2B
Thrive Holdings has raised $2 billion at a $12 billion valuation. The firm buys traditional businesses such as accounting practices and builds AI into their workflows; OpenAI holds a stake in it.
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Form Energy raises $750M to push multi-day storage into the grid
Form Energy, which builds iron-air batteries, closed a $750 million Series G led by T. Rowe Price. The valuation passed $2 billion, and its customers include Google.
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OpenAI's executive shake-up continues with a new revenue chief
OpenAI has replaced chief revenue officer Denise Dresser after nine months with Dali Rajic, president and COO of Wiz. The change follows the departures of COO Brad Lightcap and Fidji Simo.
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IBM partners with OpenAI to push into enterprise consulting
IBM is bringing OpenAI's models into its global consulting business. The deal covers training tens of thousands of consultants and building sector-specific solutions for finance, government, telecoms and retail.
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Nvidia moves up the stack: a stake in the builder, not just the chips
The Information reports that Nvidia is in talks to invest up to $3 billion in SB Energy, the SoftBank-backed data centre developer behind OpenAI's vast Ohio campus, which is aiming for an IPO.
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Model evaluation has become an industry: Vals raises $40M at a $400M valuation
Vals, which builds evaluations and benchmarks testing AI models on real-world tasks, has closed a $40 million Series A led by a16z at a $400 million valuation.
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Dual valuations in AI rounds: different prices in the same deal
According to Newcomer, dual-valuation deals have become pervasive in the AI funding cycle, with prestige firms monetising their brand names by getting better prices in the same round.
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The datasets of shutting-down startups are being sold to AI labs
According to The Information, firms gathering data for AI labs are driving demand to buy or license the internal datasets of startups that are shutting down or being acquired.
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