neocloud Fluidstack closed a $1.5B round led by Jane Street at an $18B+
Sources: neocloud Fluidstack closed a $1.5B round led by Jane Street at an $18B+ valuation; in July, the company announced a $750M round at a $7.5B valuation
TL;DRFluidstack raised $1.5B at $18B valuation, doubling in value since July.
Why it matters: Google's AI chip strategy now depends on this startup's ability to scale compute infrastructure.

Nvidia agrees to buy Hugging Face for $12.9B, its second-biggest
TL;DRNvidia is buying AI platform Hugging Face for $12.9 billion, expanding beyond chips.

OpenAI CEO Sam Altman warns of "unsustainable silliness" in compute
TL;DRAltman says too many AI data centers are being built without enough demand to justify them.
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