NVIDIA BACKED LAMBDA
Microsoft pulls out of UK data center deal with Nscale: Telegraph
The US tech giant, one of Nscale's two largest customers, recently terminated its agreement for the data center in Loughton, Essex, according to the report.
Nvidia share price jumps nearly 30 per cent in 2026 as world's most valuable company heads for USD 6 trillion market value
Nvidia stocks, market cap: Elon Musk's SpaceX is seeking to raise $40 billion in a financing effort led by asset manager Apollo Global Management to purchase Nvidia chips, the Financial Times reported on Tuesday.
Nvidia-backed Lambda targets $4 billion raise ahead of planned IPO: WSJ
Investment firms Blackstone and Coatue Management are leading the round, the report said. Lambda is aiming to go public in 2027, depending on execution and market conditions, according to a letter to the company's limited partners reviewed by the Journal.
Anthropic signs $35 billion cloud deal with Nvidia-backed Lambda
Anthropic has signed a cloud-computing deal worth $35 billion with Lambda, a cloud provider backed by Nvidia, for a Texas data centre. The project is being developed in Nueces County by crypto-mining-turned-AI data centre company Hut 8 and covers a capacity of about 350 megawatts.
Atomberg's funding plans; Neocloud firms eye India capacity
Happy Wednesday! Atomberg Technologies is in talks to raise funding for its engineering arm ahead of a public listing. This and more in today's ETtech Morning Dispatch.
Nvidia-backed neoclouds hover over India to lease data centre capacity
CoreWeave, Together AI, Nebius, Lambda Labs, Crusoe and Nscale are in various stages of discussions with companies such as Sify Technologies, Yotta Data Services, CapitaLand Investment, CtrlS Datacentres and Tata Communications to lease compute capacity for AI inference workloads, people familiar with the matter told ET.
- Go To Page 1
Microsoft bets $33 Billion on neoclouds like Nebius to ease AI crunch
Microsoft is investing heavily in "neocloud" companies like Nebius, with deals totaling over $33 billion, to secure crucial AI computing power. This strategy, including a $19.4 billion Nebius deal for Nvidia chips, addresses AI data center capacity shortages and frees Microsoft's own servers for lucrative customer services, driven by surging AI demand from internal teams and OpenAI.
Fire sale at Byju’s; Meesho’s pre-IPO move
Troubled edtech startup Byju’s is selling its US assets at steep losses, mandated by a US bankruptcy court. This and more in today’s ETtech Top 5.
Turf war in the clouds showers on the ground
As neocloud firms begin to challenge hyperscalers’ dominance, Indian data centres seek to benefit from this shift in cloud business, finds Himanshi Lohchab.
GenAI helping HP transform the future of work, says official
HP on Tuesday unveiled a solution to share AI compute capacity by enabling sharing of GPU resources among HP workstations. It turns corporate workstations into a shareable resource and puts idle GPUs to work, without the need to procure any new assets.
New Hindenburg report claims $35 billion server maker Super Micro Computer engaged in 'accounting manipulation'
Hindenburg Research's latest report accuses Super Micro Computer of severe accounting manipulation and sanctions evasion, causing an 8% drop in its Nasdaq-listed shares. The investigation reveals ongoing issues despite a previous SEC settlement and highlights problematic related party transactions. Super Micro, a major Silicon Valley server manufacturer, faces renewed scrutiny over its financial practices and corporate governance.
Load More
