Search results for Crusoe
AI & Enterprise
Crusoe in talks to raise $3 billion, valuation seen at $30 billion
Crusoe, a data centre builder, is in talks to raise $3 billion in new funding, Bloomberg News reported on July 2, citing sources familiar with the matter. If the deal is completed, Crusoe’s valuation could reach $30 billion, Bloomberg said, about three times the valuation it received in its previous fundraising last year. Bloomberg did not name potential investors. Nvidia and Salesforce Ventures were among more than 10 participants in an earlier round.
AI & Enterprise
US big tech turns back to gas power to run AI data centres
U.S. big tech companies are moving to build natural gas power plants to secure electricity for AI data centres, heightening tension across the energy market. TechCrunch reported Microsoft, Google and Meta have entered competition for fuel and equipment, with potential spillover into power prices and industry. The rush is also creating bottlenecks such as scarce gas turbines and higher costs. Analysts warn demand could shift strain to gas supply networks and sharpen conflicts over energy allocation.
AI & Enterprise
Oracle, OpenAI scrap Texas data centre expansion, seek other locations
Oracle and OpenAI have withdrawn plans to expand their data centre campus in Abilene, Texas, the Financial Times reported. The companies had been negotiating with developer Crusoe to increase the campus by 600 megawatts, including at least 2 OpenAI-only buildings, while a 1.2 gigawatt build is under way. OpenAI executive Sachin Katti said added capacity will be deployed in other locations and that more than 6 sites are being developed.
