Maria Deutscher
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Google to spend $40B on data center infrastructure in Texas
Google LLC today announced plans to spend $40 billion through 2027 on a network of data centers in Texas. The company will build three new facilities as part of the project. One will be located in Armstrong County, the other two in Haskell County. The latter locale is about an hour’s drive from the city ...
AI infrastructure startup Firmus raises $327M to build data centers in Australia
Firmus Technologies Pty Ltd., a startup that plans to build a network of artificial intelligence centers in Australia, has raised $327 million from investors. The company announced the funding round today. Reuters reported that the investment included contributions from Nvidia Corp. and Sydney-based fund Ellerston Capital. Firmus is now valued at $3.9 billion. The cash ...
Quantum software startup Classiq raises new funding from AMD, Qualcomm
Classiq Technologies Ltd., a maker of quantum software development tools, today announced that it has raised “tens of millions of dollars” in new funding. The capital was provided as an extension to a Series C round the company first closed in May. The initial $110 million funding tranche marked the largest-ever raise for a quantum ...
Nvidia, Google back $2.3B round for AI code editor startup Cursor
Cursor, the developer of a widely used artificial intelligence code editor, has closed a $2.3 billion later-stage investment at a $29.3 billion valuation. Accel and Coatue led the Series D round. They were joined by Google LLC, Nvidia Corp., Thrive, Andreessen Horowitz and DST. Cursor disclosed in its funding announcement today that its annualized revenue ...
Salesforce acquires AI search startup Doti
Salesforce Inc. today announced plans to acquire Doti Ltd., a startup with an artificial intelligence search platform for enterprises. CTech estimated the value of the deal for Israel-based Doti at $100 million, but Salesforce declined to provide information on how much the acquisition was for. The company previously raised $7 million in funding. Doti provides an ...
Anthropic to spend $50B on US data center infrastructure
Anthropic PBC today announced a $50 billion plan to build data centers in the U.S. The initiative will see the artificial intelligence provider open facilities in Texas and New York next year. It plans to launch additional sites further down the line. According to Anthropic, the data centers will be based on a custom design ...
AI analytics startup WisdomAI nabs $50M investment
WisdomAI Inc., a startup using artificial intelligence to speed up analytics projects, today announced that it has closed a $50 million investment. The Series A round comes less than a year after the company’s launch. It was led by Kleiner Perkins with participation from Nvidia Corp.’s NVentures startup fund, Coatue, Latitude Capital, Madrona, GTM Capital, ...
Chip startup d-Matrix raises $275M to speed up inference with in-memory compute
Chip startup d-Matrix Inc. today disclosed that it has raised $275 million in funding to support its commercialization efforts. The Series C round was led by Bullhound Capital, Triatomic Capital and Singapore’s Temasek sovereign wealth fund. The investment values d-Matrix at $2 billion. It will use the capital to grow its international presence and help ...
Google details cloud-based Private AI Compute system for securing Pixel data
Google LLC today detailed Private AI Compute, a cloud-based system it uses to power its Pixel handsets’ artificial intelligence features. Some of the AI models used by the latest Pixel 10 smartphone series are too large to run on-device. As a result, Google hosts them in its cloud. Private AI Compute is designed to protect ...
Nebius inks $3B data center deal with Meta after missing revenue expectations
Nebius Group NV today disclosed that it has won a $3 billion contract to provide Meta Platforms Inc. with data center infrastructure. The company nevertheless ended the trading session down 7%. The selloff was likely a response to the quarterly results it released along with the announcement of the Meta deal. Nebius more than tripled ...