Peter Thiel's Founders Fund Leads $500M Fundraise In Waste Gas-Powered AI Cloud Start-Up
Portfolio Pulse from Benzinga Neuro
Crusoe Energy, a data center startup, has raised $500 million led by Founders Fund to expand its AI infrastructure. The investment values Crusoe at $3 billion, highlighting the growth of the neocloud industry. The funds will help acquire NVIDIA's AI chips and finance a new data center in Texas, leased to Oracle.

October 30, 2024 | 2:43 am
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Crusoe Energy's $500M fundraise will likely increase demand for NVIDIA's AI chips, as the startup expands its AI infrastructure.
Crusoe Energy's expansion in AI infrastructure will require NVIDIA's powerful AI chips, likely increasing sales and demand for NVIDIA products.
CONFIDENCE 90
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RELEVANCE 70
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Crusoe Energy's new data center in Texas, financed by a $3.4B deal, will be leased to Oracle, potentially enhancing Oracle's cloud services.
The leasing of a new data center from Crusoe Energy could enhance Oracle's cloud service offerings, potentially increasing its market competitiveness.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60