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October 15, 2024

🔥 Hot Takes Tuesday for 2024-10-15

AI FOMO drives massive funding for tech and data infrastructure in today’s market.

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(Scroll to the end…)

Two hot takes on the two stories caught my eye on Tuesday.

💰 + 🤖 When a ~8X sized SPV is made (compared to the investment 5 years ago) as part of an already eye-watering round, it means AI FOMO is very real.

Techmeme: Filing: in OpenAI's $6.6B round, Khosla Ventures invested $405M; the majority, or possibly all, was pooled from other investors via a special purpose vehicle (Marina Temkin/TechCrunch)

By Marina Temkin / TechCrunch. View the full context on Techmeme.

[ where oh where will the workloads live… ]

💰 + 🏗️ A $2B raise for 3 data centers in the US reflects that AI FOMO requires a physical home too.

Techmeme: Data center developer DataBank raised $2B led by the AustralianSuper pension fund to build three US facilities, taking its total raised to $4B+ in the past year (Josh Saul/Bloomberg)

By Josh Saul / Bloomberg. View the full context on Techmeme.

Note: Some images via Unsplash

Disclosure

I am linking to my disclosure.

Cuthrell Consulting LLC
Attn: Jay Cuthrell
1903 Live Oak St #92
Beaufort, NC 28516-0092


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