Crusoe, the developer behind OpenAI’s first Stargate data center, is in talks about raising funds at a $10B valuation, which would represent a value more than three times where it was pegged less than a year ago, two people with knowledge of the talks told The Information’s Anissa Gardizy and Natasha Mascarenhas. The company, which wants to raise at least $1B to help become a more formidable player in cloud computing, has bought a Tel Aviv-based cloud computing startup, Atero, which develops software to improve the utilization and efficiency of graphics processing units, the report also noted.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Moderately bullish activity in Microsoft with shares up 0.49%
- Short Sellers Bank $5.6B Betting Against AI Stocks
- Top Analyst Dan Ives Sees Recent Tech Sell-Off as ‘Buying Opportunity’
- Quantum Computing News: SoftBank Invests $2B in Intel, Microsoft Plans Quantum-Safe Future, Research Team Advances Quantum Portfolio Tools
- Dow Futures Drop Hard as Trump vs. Fed Battle Escalates