Data center developer Crusoe said Thursday it raised $3.9 billion in a Series F round that pushes its valuation to $30.9 billion. The massive round was co-led by Atreides Management, Mubadala Capital, and Valor Equity Partners. Founders Fund, GIC, Nvidia, Qatar Investment Authority (QIA), Radical Ventures, and TPG also participated, according to Crusoe. Crusoe also
Nvidia said on Monday that it will invest $1.5 billion in SB Energy, a data center linked to SoftBank and OpenAI. The investment ensures that Nvidia will be the sole supplier of compute infrastructure at OpenAI’s Ports-Pike data center near Cincinnati, Ohio. Nvidia will also provide up to $105 billion in credit to help build
Meta released Glimmer this week, an open-weight AI model anyone can download and run on their own hardware — a contrast to Muse Spark, the company’s more powerful model that stays locked behind its own APIs. The release landed alongside a letter from Mark Zuckerberg arguing AI should be “for everyone” rather than controlled by a handful of labs, but as Equity’s
This week a power line went down outside Washington, DC. Normally, the grid would only need a few seconds to recover from such an event. But this took more than 10 minutes because more than 3 gigawatts of data centers stopped consuming power almost simultaneously. The event caused voltage on PJM’s grid to spike from
OpenAI announced Wednesday that it will spend $750 billion on infrastructure through 2030, about 25% more than it estimated earlier this year, The Wall Street Journal reported. The renewed blitz comes as its Stargate data center project appears to have stalled. The first salvo in OpenAI’s spending spree will be a $20 billion data center
New York became the first state to halt data center construction after Governor Kathy Hochul today signed an executive order temporarily prohibiting the state from approving new permits for large projects. Hochul’s order applies to data centers of 50 megawatts or more, which could affect more than a dozen projects. The state Department of Environmental
