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Tech News
Nscale is negotiating a new agreement with Anthropic worth roughly $45 billion to supply AI computing capacity, according to a source cited by Reuters. The deal would cover a second building at Nscale's Monarch data center campus in West Virginia, providing 460 megawatts of power using Nvidia's upcoming Vera Rubin chips. This follows an earlier $45 billion deal struck in August for the same campus's first facility.
Meta and Apple have struck a partnership allowing developers to run Meta's open-weight AI models locally on Mac hardware. The collaboration gives developers an alternative to relying on cloud-based computing power for running advanced AI systems.
Verda, a Finland-based AI cloud infrastructure company, closed an oversubscribed $189 million Series B round led by Emergence Capital, with backing from MUFG Innovation Partners, Supermicro, Varma Mutual Pension Insurance, Lifeline Ventures, 6 Degrees Capital, byFounders, Tesi, and several angel investors. The round pushes Verda's total funding past $450 million in combined equity and debt, and values the company at unicorn status, making it one of Europe's newest billion-dollar startups.
In a discussion moderated by Fast Company's Harry McCracken, CoreWeave cofounder and CEO Mike Intrator explained why traditional cloud computing, built to handle diverse general-purpose workloads, is insufficient for AI's demands. He outlined how CoreWeave has approached infrastructure and software design from scratch to meet AI's unique computational and physical requirements.
Oracle reported fiscal first-quarter revenue of $19.35 billion, topping analyst expectations, with net income climbing 60% to $4.7 billion. The gains were driven by a 62% jump in cloud revenue, including a 121% surge in cloud infrastructure sales, prompting shares to rise more than 6% in premarket trading.