GPU cloud provider GMI Cloud raised $668M, including $223M in equity
GPU cloud provider GMI Cloud raised $668M, including $223M in equity led by ARCHIV with participation from Nvidia and $445M in credit led by Taiwanese bank CTBC
TL;DRGPU cloud startup GMI Cloud raised $668M to expand Nvidia chip server access for enterprises.
Why it matters: Major funding from Nvidia and banks signals growing enterprise demand for AI compute infrastructure and market consolidation.
OpenAI and Anthropic-aligned super PACs have spent $55.7M on the US
TL;DRAI companies' PACs spent $55.7M on midterms while deliberately avoiding mentioning data centers or AI.
Last Week in AI #345 - 5 new models, 9 misalignment incidents, some Dots
TL;DRMajor AI labs released new models while OpenAI disclosed safety incidents.
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South African Minister on Starlink Dispute
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HPE selling $1.2B worth of AMD server equipment to cloud provider Vultr.
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Sources and filings: Situational Awareness lacked an investment risk
AI investment firm collapsed; SEC investigating banks that funded it without proper oversight.
Drunk Van Halen fan called Microsoft support and demanded to speak
Intoxicated caller reached Microsoft support demanding Bill Gates over broken software.