Forbes December 27, 2024
A quirky gaggle of startups that host and rent the chips that power AI tools have gone on a fundraising spree over the last year.
W hen Vultr founder David Aninowsky started building his own data centers back in 2014, customers only cared about cloud compute and the processors that supported it. Graphic processing units (GPUs) were the stuff of gamer forums, not corporate boardrooms. Now those chips are essential to the development of artificial intelligence models, and renting them has catapulted Vultr to a $3.5 billion valuation.
The Florida-based startup raised $333 million from chip giant AMD and hedge fund LuminArx Capital earlier this month. Vultr has built more than 30 data centers around the world over the last...
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