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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

UpscaleAI raises $190 million to speed development of AI switch chip

Datacenter networking startup UpscaleAI has raised an additional $190 million in funding, SiliconANGLE reported on June 22. The round was led by Premji Invest, with participation from Nvidia, Salesforce Ventures, Seligman Ventures and Temasek. UpscaleAI is developing scale-up and scale-out switches optimized for AI workloads. It is focusing on its in-house Skyhammer chip to address delays caused by slow data exchanges between GPUs.

AI & Enterprise

Japan speeds up \'physical AI\' push amid severe labour shortages

Japan has set out a goal of fostering “physical AI” as a core national industry, driven by population decline and labour shortages. Physical AI refers to AI that moves and reacts in the real world. Japan plans to build an industrial base with a target of securing a 30 percent share of the global physical AI market by 2040. The focus is on maintaining operational continuity in factories, warehouses and infrastructure sites.