OpenAI now expects to burn $115 billion by 2029—four times its earlier estimate—as rising compute, talent, and infrastructure costs outstrip even its booming ChatGPT revenue and new $500 billion valuation What’s Happening OpenAI has revised its financial forecast—and the numbers are staggering. The company now expects
Why it's time to take AI-human relationships seriously Published Fri, Aug 1 20257:00 AM EDTUpdated Fri, Aug 1 20257:54 AM EDT By Salvador Rodriguez Why it’s time to take AI-human relationships seriouslyChatGPT’s launch in 2022 ushered in a new era of AI chatbots from
We are thrilled to welcome David Steinbauer as a Partner at Apollonia Capital. David joins us with a remarkable track record of global leadership in frontier technology and infrastructure. Since 2015, he has spearheaded multiple large-scale data center projects around the world, and his journey as a tech entrepreneur began
We’re excited to share that Lambda has raised $480M in Series D funding, co-led by Andra Capital and SGW with participation from new investors Andrej Karpathy, ARK Invest, Fincadia Advisors, G Squared, In-Q-Tel (IQT), KHK & Partners, and NVIDIA, among others, as well as strategic investment from Pegatron, Supermicro,
$10.4bn supercomputer will be operational from 2026, company claims (Source: Data Center Dynamics) GPU cloud provider Fluidstack has signed a Memorandum of Understanding with the French government to build an AI supercomputer in the country. The system was announced at the recent AI Action Summit in Paris and, according
The Stargate Project is a new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately. This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs,
(Source: Yahoo Finance) A first-of-its-kind AI bill is winding its way through California, causing infighting between groups of AI pioneers. The AI safety bill, SB 1047, would put more responsibility on any developer spending more than $100 million to build an AI model. The requirements include safety testing, implementing safeguards,
(Source: Yahoo Finance) Amazon (AMZN) is ubiquitous in today’s world, not just for being one of the biggest and most established online marketplaces but also for being among the largest data center providers. What Amazon is far less known for is being the owner and operator of nuclear power
(Source: Datacenter Dynamics) Reportedly seeking a $10bn valuation Honeywell is reportedly considering an IPO for its quantum computing subsidiary Quantinuum, potentially as early as next year. According to a report from Bloomberg, the company has been in discussions with a number of investment banks ahead of a potential float on
CBRE's Global Data Center Trends 2024 analysis sees a continued worldwide power shortage as significantly inhibiting the global data center market’s growth. As we noted in our 2024 forecast, the AI boom is creating a resource-constrained world with ripple effects in pricing and site selection. These trends
A whopping, 50,000 employees have access to JPM's proprietary AI chatbot. An internal memo seen by the FT, says LLM Suite can help employees in the asset & wealth divisions with writing, idea generation and summarising documents. “Think of LLM Suite as a research analyst that can
(Source: Datacenter Dynamics) NTT is reportedly planning a large data center campus outside Frankfurt. Local press report NTT Global Data Centers is in the preliminary planning stages for the construction of a data center campus in the Rhein-Selz Park in Nierstein, some 50km south of Frankfurt. The company is said
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(Source: Datacenter Dynamics) Microsoft is adopting direct-to-chip liquid cooling and exploring the potential of microfluidics. In a recent blog detailing the company’s water use and cooling ambitions, Microsoft outlines some of its latest moves to adopt liquid cooling. “To harness the increased efficiency cold plates offer, we’re developing
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San Francisco, CA – Apollonia Capital is thrilled to announce a strategic partnership with a Seattle based CSP, Massed Compute, a frontrunner in cloud computing solutions, to spearhead the deployment of a $25 million debt financing facility dedicated to GPU infrastructure. This initiative is set to empower innovations in AI, machine
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San Francisco, CA – Apollonia Capital has teamed up with Lambda Labs to facilitate a $800 million Series D equity round, with JP Morgan acting as the placement agent. Apollonia is raising $200 million lead investment to support this significant funding initiative, enhancing Lambda's continued innovation in AI and
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(Translated by Google) “DC order selling point ‘Immersion cooling’, diversification of lineup to respond to market growth” Review of system supply business with the goal of dominating the global market Samsung C&T Construction Group established a dedicated data center business (DC) team in 2020 as the first domestic
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Funding will accelerate growth in Hut 8’s data center portfolio Reinforces Hut 8’s position as a market leader in sourcing, developing, and operating energy infrastructure MIAMI, FL, June 24, 2024 (GLOBE NEWSWIRE) – Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator
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Seoul, South Korea – Apollonia Capital is pleased to announce the registration of a dedicated investment fund with the Financial Supervisory Service (FSS) of South Korea, specifically designed to support investments in EquityBee. This new fund underscores Apollonia Capital’s commitment to expanding its portfolio into innovative financial solutions that support
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San Francisco, CA & Tel Aviv, Israel – Apollonia Capital is currently facilitating a significant investment round of $30 million, comprising $13 million in B-4 Preferred Shares and an additional $17 million for secondary stocks in ZutaCore, a pioneer in Direct-to-Chip, Waterless Dielectric Liquid Cooling solutions based in Tel Aviv and
(Source: Datacenter Dynamics) Compass has begun development work of a new data center campus in Chicago, Illinois. The company this month announced it had begun work on a new data center campus in the Hoffman Estates area of Chicago. The new campus in Cook County will see five buildings developed,
Seoul, South Korea & Tel Aviv, Israel – Apollonia Capital, in a significant move to advance sustainable technology infrastructure, facilitaes a Memorandum of Understanding (MoU) with KT Group, local authorities, and Dror Investments based in Tel Aviv, Israel. This MoU sets the stage for a strategic collaboration aimed at attracting global
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(Source: Data Center Frontier) No longer on the horizon, liquid cooling technology moves front and center thanks to NVIDIA and massive data center power demands. Here at Data Center Frontier, we’ve been talking about the need for, and the issues with, liquid cooling and support for high rack densities
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NVIDIA journey to $2 trillion market cap.
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Seoul, South Korea – Apollonia Capital has successfully facilitated a groundbreaking partnership between Shinhan Investment & Securities and the Silicon Valley-based fintech company, DwellFi . This collaboration aims to accelerate the development and institutionalization of security token (STO) products, positioning Shinhan as a leader in the burgeoning STO market. On July 19th,