2 ms·
Assuming they did this raise because they need the capital to throw more into their GPU business, this is not really a remarkable quote. One of the first things
by infecto 2y ago
Assuming they did this raise because they need the capital to throw more into their GPU business, this is not really a remarkable quote. One of the first things noted in the article is this is soon to be the largest part of their business. This is their first capital injection too. While its fueled by the growth in AI, the business itself is mundane, they rent GPU access. Growing that requires a lot of capital.