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Volta secures $10bn AI lab partnership, $5bn infrastructure programme
['Anwesha Pattanaik', 'Wed', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
Volta, a newly launched AI infrastructure company, has announced a $10bn agreement with an undisclosed AI laboratory to deliver a new data centre project in Norway.
Volta CEO Ricard Boada said: "Compute has become a new infrastructure asset class, with AI models and applications as the verticals built on top.
We founded Volta because compute should be financed, developed, and commercialised with the principles and scale of infrastructure.
Earlier this year, Volta acquired Genesis Cloud technology, integrating software to manage public AI cloud and bare metal clusters under a single company.
"Volta secures $10bn AI lab partnership, $5bn infrastructure programme" was originally created and published by Verdict, a GlobalData owned brand.