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U.S. data centers use 17 to 19 billion gallons of water to cool their hot-running chips each year — and that number is expected to triple in the next five years, according to the Water Foundation. That’s an expensive and politically tricky proposition for investors throwing billions of dollars at the challenge of scaling up…
Startup founders are being pushed to move faster than ever, using AI while facing tighter funding, rising infrastructure costs, and more pressure to show real traction early. Cloud credits, access to GPUs, and foundation models have made it easier to get started, but those early infrastructure choices can have unforeseen consequences once startups move beyond…
People often think about tech bubbles in apocalyptic terms, but it doesn’t have to be as serious as all that. In economic terms, a bubble is a bet that turned out to be too big, leaving you with more supply than demand. The upshot: It’s not all or nothing, and even good bets can turn…
LangChain, an AI infrastructure startup providing tools to build and monitor LLM-powered applications, is raising a new round of funding at an approximate $1 billion valuation led by IVP, according to three sources with knowledge of the deal. LangChain began its life in late 2022 as an open-source project founded by Harrison Chase, who was…
Plenty of startups hit a wall after their first few rounds of funding, having grown too big for venture funds but still in need of cash. For startups specializing in industrial-scale hardware, which includes many climate tech companies, the problem is especially acute because the capital requirements are so large. Infrastructure funds have long filled…
We may now know roughly how much money SoftBank and OpenAI are contributing toward Stargate, the massive infrastructure project to build data centers for OpenAI across the U.S. SoftBank and OpenAI each plans to commit $19 billion of capital to Stargate, according to The Information. The two companies would then both own 40% of the…
Microsoft was once the exclusive provider of data center infrastructure for OpenAI to train and run its AI models. No longer. Coinciding with the announcement of Stargate, OpenAI’s massive new AI infrastructure deal with SoftBank, Oracle, and others, Microsoft says it has signed a new agreement with OpenAI that gives it “right of first refusal”…
What do you call it when a reform-committed new president of a once prosperous but now largely failed socialist-led country plans to cut 70,000 government jobs as part of his efforts to return the country to fiscal sanity? A darn good start! Or maybe, a model for the United States! President Javier Milei of Argentina…
Indicted four times on a total of 91 criminal charges, former President Donald Trump has not yet gone to trial. And so, at present, Trump is, in more ways than one, a man with no convictions — other than those that serve his own personal and political interests. Abortion is the most recent example, but…
West Virginia Sen. Joe Manchin (D) says he is “thinking seriously” about leaving the Democratic Party and declaring himself an Independent before the 2024 election, when he will have to decide whether to run for a fourth Senate term or wage a third-party bid for president. Manchin, who earlier this year described himself as…