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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

AI power shift begins, from models to semiconductors, from GPU buying to chip design

The centre of gravity in the AI race is shifting from model development to securing semiconductors, Zero2Launch venture partner Alvin Foo (푸) wrote on X. He said Amazon, Google, Microsoft and Meta are pouring billions of dollars into in-house AI chips because custom designs can cut AI infrastructure costs by 30 to 40 percent versus buying GPUs. As inference workloads rise, Foo said winners will control the full stack, from chips and data centres to cloud infrastructure and enterprise workflows.

AI & Enterprise

Oracle adds 10 defense tech firms to Oracle Defense Ecosystem

Oracle on Tuesday announced the third cohort of its Oracle Defense Ecosystem, a project that works with defense technology companies using the company’s cloud and AI infrastructure. The new cohort adds 10 technology companies that provide defense technology to the United States and allied countries. Oracle listed companies developing systems ranging from power and energy for frontline missions to AI platforms, underwater robotics, counter-drone and anti-jamming technologies, interoperability software and privacy-focused mobile communications.