
Crusoe and Fluidstack have secured the largest funding rounds in AI infrastructure this week, with Crusoe raising $3 billion and Fluidstack $1.5 billion. Crusoe, now valued at $30 billion, has transitioned from cryptocurrency mining to AI cloud services, serving major clients like OpenAI and Microsoft. Fluidstack, valued at $18 billion, provides large-scale GPU and data center infrastructure for AI workloads. These significant investments underscore the increasing demand for robust AI infrastructure to support the growing computational needs of AI technologies.
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Crusoe raises $3B at $30B valuation
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OpenAI is scaling back its ambitions as investor appetite for massive AI infrastructure bets cools. The company has lowered its fundraising target from $30 billion to $20 billion, with only $11 billion secured so far against a valuation that has dropped from $1.4 trillion. This retreat signals a growing wariness among Wall Street investors regarding the capital intensity of the AI race, forcing even the most dominant players to adjust their financial expectations.