Vultr, a startup specializing in cloud infrastructure for businesses, has secured $333 million in funding, reaching a $3.5 billion valuation. This investment comes amidst a surge in demand for GPUs and cloud computing fueled by the rise of generative artificial intelligence. While Vultr won't build its own GPUs, it offers AMD's products, emphasizing their cost-effectiveness for AI inference.
Vultr , a startup that rents out graphics processing units and other cloud infrastructure to businesses, has raised $333 million in a transaction that values the company at $3.5 billion., which are in high demand due to the boom in generative artificial intelligence. It's the first time the company has taken equity financing, though Bank of America and JPMorgan Chase agreed to extend a $150 million credit facility for the company in 2021.
AMD offers very good prices based on performance for the inference stage of working with AI models, which tends to be critical for organizations deploying AI at scale, Kardwell said. Companies generally train AI models with large quantities of data and vast fleets of GPUs before moving on to the inference stage, when the models respond to — or make inferences about — new information.
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