NVIDIA (NVDA) cloud ally Together AI, one of the several up-and-coming cloud providers renting out NVIDIA chip servers to AI developers, is in talks with investors to raise around USD 1bln in funding at a USD 7.5bln, according to The Information
Newsquawk Staff ·
NVIDIA (NVDA) cloud ally Together AI, one of the several up-and-coming cloud providers renting out NVIDIA chip servers to AI developers, is in talks with investors to raise around USD 1bln in funding at a USD 7.5bln, according to The Information.
What it means
NVIDIA's partner, Together AI, is reportedly in discussions to secure $1 billion in funding, which underscores the growing interest in AI and cloud services powered by NVIDIA's technology. This potential capital infusion suggests confidence in Together AI's business model and offers a read-through for NVIDIA's position in the semiconductor and AI landscape, possibly benefiting its stock and sentiment in the broader tech sector.
Sources
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