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AI & Enterprise

Neocloud firms surge on AI boom but profitability tested despite GPU demand

Neocloud providers that rent out GPUs for AI training and inference have surged, but concerns are growing over high costs and heavy debt. Gartner expects more than 80 percent could stop operating independently by 2030 due to cost pressure and lack of differentiated business models. Companies such as CoreWeave and Nebius face large depreciation charges, even as demand remains strong and long-term contracts extend into 2028 and beyond.

Crypto

FTX-backed SWI Group to sell last three bitcoin mining sites in Kazakhstan, shift to AI infrastructure

Three remaining bitcoin mining sites in Kazakhstan operated by Genesis Digital Assets have been put up for sale. SWI Group, which controls Genesis Digital, is winding down Kazakhstan mining assets and shifting its focus to AI data centres. The Euronext Amsterdam-listed company raised 800 million euros and was valued at 6.1 billion euros. It said it will invest funds in power infrastructure and computing facilities in the United States and Sweden.

AI & Enterprise

Akamai signs $11.6 billion computing supply deal with Anthropic

Akamai Technologies has signed a contract to supply Anthropic with $11.6 billion of computing capacity over seven years. Akamai shares rose more than 20 percent in after-hours trading after the announcement. The deal focuses on CPU-centric workloads and will use Akamai Cloud’s distributed network. Anthropic can commit up to an additional $9 billion, lifting the deal to about $20 billion, and received warrants convertible into up to about 5 percent of Akamai common shares.