Google is backing Fluidstack, a cloud service provider, in its quest to rival NVIDIA’s dominance in computing power by distributing its self-developed TPU chips. Fluidstack is negotiating a substantial $700 million funding round, potentially led by Leopold Aschenbrenner, a former OpenAI researcher ousted for sharing sensitive information. This financing will enable Fluidstack to expand in the competitive server rental market, where it plans to utilize Google’s TPUs. With clients like AI companies Anthropic and Mistral AI, Fluidstack aims to join the ranks of unicorns valued in the billions. Despite its rapid growth—predicting over $400 million in sales—Fluidstack’s aggressive debt strategy raises industry concerns about profitability. The evolving partnership between Google and Fluidstack deepens, with Google ensuring lease agreements for new data centers in exchange for hosting TPUs. Aschenbrenner’s controversial background adds intrigue to this high-stakes tech battle aiming for advancements toward artificial general intelligence (AGI).
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