12/22/2024 What I Read Last Week
#DigitalInfrastructure news: Switch, Oklo, CoreWeave, Hut 8, Quantum Computing
Weekly Edition of curated news about Digital Infrastructure
[Link] Oklo and Switch form landmark strategic relationship to deploy 12 Gigawatts of advanced nuclear power. Oklo will develop, construct, and operate powerhouses to provide power to Switch across the United States through a series of power purchase agreements.
[Link] CoreWeave had a nice blog post about their data center capacity plans. CoreWeave is expanding its data centers to meet the increasing demand for GPU-accelerated workloads by implementing liquid-cooled racks that handle up to 130kW, enabling efficient and sustainable operations. They are redesigning traditional data center structures to optimize for AI-specific needs, collaborating with hardware partners, and addressing GPU supply chain challenges through strategic partnerships. With plans to add new facilities in Texas, Norway, Sweden, and Spain by 2025, CoreWeave is positioning itself as a leader in scalable, AI-focused cloud infrastructure.
[Link] Cloud startup Vultr announced it completed a growth financing at a $3.5 billion valuation, led by LuminArx Capital Management and AMD Ventures. Vultr will use this new equity financing to support its accelerated global expansion in AI infrastructure and cloud computing.
[Link] Hut 8 plans a $12 billion AI data center in West Feliciana Parish, Louisiana, with an initial 300MW deployment. The data center campus will feature two 450,000 square-foot facilities in the first phase, with construction expected to be completed by the end of 2025, while a second phase will see additional data centers constructed by the end of 2026.
[Link] Startup BlueQubit announced it has raised $10 million in seed funding to expand its platform and bridge the gap between the technology and real-world applications. The company offers a managed quantum-software-as-a-service platform designed to simplify the ability of enterprise companies to tap into this emerging technology.
[Link] SandboxAQ announced it has raised more than $300 million in new funding at a valuation of more than $5.6 billion to accelerate the development of specialized AI models.
[Link] Crown Castle, Lumen reportedly closer to selling their fiber networks. Crown Castle may be nearing a sale of its fiber operations to TPG for around $8 billion. Separately, Lumen has reportedly kicked off a sales process for its fiber network that could be worth up to $9 billion.
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