Accelevation Targets $5.37 Billion Valuation in US IPO
Accelevation, a data centre infrastructure company backed by private equity firm Olympus Partners, is targeting a valuation of up to $5.37 billion in its US initial public offering (IPO), joining a growing wave of...
Delos Data Raises $100 Million to Accelerate AI Data Center Networking
Delos Data, a startup founded by former Intel Corp veterans, has raised $100 million to develop chips and software designed to move data faster within increasingly complex artificial intelligence data centers. The company aims...
OpenAI Reportedly Holds $5.5 Billion in SB Energy Warrants
OpenAI has been issued warrants estimated to be worth $5.5 billion in power infrastructure firm SB Energy, according to a Wall Street Journal report citing draft IPO documents reviewed by the publication. The reported...
Nvidia Forecasts 70% Revenue Growth as AI Demand Surges
Nvidia forecast a 70% jump in revenue for its next fiscal year, significantly above Wall Street expectations of 44%, signaling that demand for AI computing remains exceptionally strong. Shares rose nearly 5% in extended...
Base Power Raises $1 Billion, Unveils U.S.-Made Home Battery
Energy startup Base Power has raised $1 billion in fresh funding at a valuation of $13 billion and introduced a U.S.-made home battery system as rising electricity demand and the rapid expansion of artificial...
Csquare Raises $1.05 Billion in U.S. IPO Amid Strong AI Infrastructure Demand
Data center provider Csquare raised $1.05 billion in its U.S. initial public offering (IPO), highlighting continued investor confidence in companies poised to benefit from the artificial intelligence boom. The Dallas-based firm sold 50 million...
Reflection Signs $1 Billion AI Compute Deal With Nebius
AI startup Reflection has signed a computing infrastructure agreement worth more than $1 billion with Nebius, securing access to Nvidia’s latest AI chips as demand for computing power continues to surge. The deal expands...
Meta to Begin AI Chip Production in September to Boost Computing Power
Meta Platforms plans to begin manufacturing its in-house artificial intelligence chip, code-named Iris, from September as part of its strategy to expand AI computing capacity to 14 gigawatts by next year, according to an...
Tecto to Invest $2 Billion in Brazil Data Centers Expansion
Tecto Data Centers, backed by funds from BTG Pactual, has announced plans to invest $2 billion by 2028 to expand its footprint in Brazil, including the construction of five new data centers. The move...