🚀 A major event in the world of artificial intelligence… and the results speak for themselves!
In a bold move reflecting the acceleration of the AI race, Lightning AI announced its merger with Voltage Park to form an integrated cloud platform for artificial intelligence ⚡☁️
The goal?
To build a robust… fast… and future-ready infrastructure.
🔹 What does this merger mean?
🧠 A comprehensive AI platform under the name Lightning AI
💰 A valuation exceeding 2.5 billion dollars
📈 Recurring annual revenues surpassing 500 million dollars
🛠️ Developers of the open-source PyTorch Lightning tool at the heart of the project
🖥️ Managing over 35,000 Nvidia GPU units
🔹 And who stands behind the financial power?
🚀 Voltage Park was established with support of 900 million dollars
🤝 Funding from Navigation Fund
👤 Led by Jed McCaleb (one of the founders of Ripple and Mt. Gox)
📊 Significant ownership stake for Navigation Fund in the new entity
✨ In summary?
We are not just witnessing a merger of companies…
But the birth of a giant player that could redraw the map of cloud computing for artificial intelligence.
📌 Source: Odaily
💬 What do you think?
Are we looking at a new AWS for AI?
Share your thoughts, hit like, and don’t forget to share the post with those interested 👇
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