AIBusiness Insider2h ago
Hyperbolic, which lets companies rent AI compute across ~30 neoclouds
Hyperbolic, which lets companies rent AI compute across ~30 neoclouds, raised a $30M Series A-1 led by Lip-Bu Tan's Walden Catalyst; it has raised $50M to date
TL;DRStartup lets companies rent AI compute from multiple cloud providers; raised $30M Series A-1.
Why it matters: Reduces vendor lock-in, increases competition among AI cloud providers, potentially lowers compute costs.
Intel CEO Lip-Bu Tan is backing an infrastructure startup that has raised $30 million to help companies rent compute across hundreds of different AI cloud providers.
Read full articleSource: Business Insider · Opens in new tab