Nscale’s IPO will test Wall Street’s appetite for concentrated AI bets once again
The British AI data center developer depends on tech giants Microsoft and Anthropic for most of its revenue.
neocloud
Neocloud Lambda secures $1B in debt to buy more chips
Neocloud Lambda has raised $1B in private debt to buy Nvidia AI chips and lease them to Microsoft. It’s the latest in a string of loans, underscoring the high cost of the AI boom.
Groq raises $350M to fuel its pivot from AI chips to neocloud
Groq raised $350 million at a $3.5 billion valuation as the former AI chipmaker pivots to a neocloud business and expands its Nvidia-powered data center footprint.
Neocloud Together AI raises $800M, leaps to $8.3B valuation
The AI neocloud provider, which specializes in hosting open source models, last raised at a $3.3 billion valuation in early 2025.
Is xAI a neocloud now?
xAI’s real business may be more about building data centers than training AI models.
AI data center startup Fluidstack in talks for $1B round at $18B valuation months after hitting $7.5B, says report
Fundraising is reportedly flowing for Fluidstack after it secured a $50 billion deal to build data centers for Anthropic.