Market & Regulation
Anthropic signs $10B deal with AI cloud startup Volta
TechCrunch AIhigh confidence
Why it matters
- →This deal significantly boosts Anthropic's compute capacity, crucial for AI development.
- →Volta's involvement highlights the growing importance of specialized AI cloud startups.
- →The use of Nvidia's Vera Rubin systems indicates a push towards cutting-edge AI infrastructure.
Anthropic has entered into a significant $10 billion agreement with Volta, an AI cloud startup founded earlier this year. Over the next six years, Volta will supply cloud computing resources to Anthropic, utilizing Nvidia's advanced Vera Rubin systems. The deal includes Bitdeer, a crypto-mining firm, which will assist in building a data center in Norway with a 133 megawatt capacity. This move is part of Anthropic's strategy to enhance its computing power amid fierce competition in the AI industry.
Read originalThe story around this
Earlier coverage that leads up to this article, and what followed. Lines connect each piece to the closest one after it, converging here.
More from TechCrunch AI
© TechCrunch AIMarket & Regulationbusiness
Crusoe cancels $1.25B Boom turbine deal
The collapse of Crusoe’s $1.25 billion order for Boom Supersonic’s stationary turbines exposes the fragility of AI infrastructure financing. While Crusoe raised $3.9 billion, it pivoted away from on-site gas generation, opting instead for grid power and diverse energy mixes. This signals that even well-funded data center operators are prioritizing flexibility over massive, long-term capital commitments to specialized hardware. Boom’s pivot to sell jet engines as power plants was a bold bet on AI energy needs, but losing its anchor customer suggests the market is more cautious than anticipated.
TechCrunch AI
© TechCrunch AIMore in Market & Regulation
© Lev SelectorMarket & Regulationbusiness
OpenAI Eyes $1.5 Trillion Valuation
Reports indicate OpenAI is targeting a valuation of $1.5 trillion in its next funding round, reflecting massive investor confidence.
Lev Selector
© Lev SelectorMarket & Regulationbusiness
