Channel NewsAsia
AsiaPac · 9 mins ago
AI cloud startup Volta valued at $2.4 billion, announces $10 billion AI partnership
Aug 4 : 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. • Reuters has not been able to independently verify the report.• The six-year agreement covers computing capacity at a data center operated by crypto mining firm Bitdeer in Norway with 133 megawatts of capacity powered by Nvid
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