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AI cloud startup Volta valued at $2.4 billion, announces $10 billion AI partnership
['Tue', 'August At Pm Gmt', 'Min Read']
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Aug 4 (Reuters) - Volta Infra, a seven-month-old AI infrastructure startup, said it raised funds at a $2.4 billion valuation and landed a $10 billion contract with an unnamed AI company to provide cloud-computing services in Europe alongside Bitdeer Technologies.
The startup has also launched a $5 billion AI infrastructure program with asset manager Azora to finance AI "factories," it said in a statement on Tuesday.
Here are some details:• Bloomberg News reported that the Nvidia-backed Volta's $10 billion cloud contract is with Anthropic, citing people familiar with the matter.
• AI companies have been spending heavily on computing infrastructure needed to run large language models.
• Anthropic has signed a series of computing and investment agreements with companies including SpaceX, Advanced Micro Devices, Microsoft, Nvidia, Alphabet, Amazon.com and Micron Technology.