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AI & Enterprise

AI computing power shortage deepens, squeezing AI startups

A worsening shortage of AI chips is prompting major cloud companies to allocate GPU inventory first to internal demand and large customers, increasing pressure on AI startups. Some startups are said to be paying higher costs to access GPU servers. The Information reported that even heavily funded startups are affected, as demand from major AI developers rises and cloud providers limit capacity for smaller clients while raising fees for Nvidia GPU servers.

AI & Enterprise

SpaceX pitches AI and orbital data centres plan valued at $1.8 trillion

SpaceX has presented investors with a large-scale growth plan combining enterprise artificial intelligence, satellites and space infrastructure, with a possible valuation of $1.8 trillion being discussed. In listing-related documents, SpaceX put its total addressable market at $28.5 trillion, including $22.7 trillion for enterprise AI. The plan hinges on data and computing businesses, with Starship development and governance risks, including Elon Musk’s past loans, cited as key variables.

AI & Enterprise

AI coding startup CognitionAI seeks additional funding at $25 billion valuation

AI coding assistant startup CognitionAI is in talks to raise additional funding at a valuation of $25 billion, Bloomberg News reported on April 24, citing people familiar with the matter. The target amount has not been disclosed, but the company is aiming to raise at least several hundred million dollars. The discussions are ongoing and terms may change. CognitionAI introduced its AI coding agent Devin in March 2024.