CEO just raised $350 million for AI power grid - here's why your energy bills matter
Key Points
- Fermi America secured $350 million to create the HyperGrid P...
While most people were enjoying their last summer barbecues, some very smart money was quietly placing a $350 million bet that our AI-obsessed future is going to need a whole lot more electricity. And they're probably right.
When AI Gets Hungry for Power (Literally)
Fermi America just closed a financing round that would make most startups weep with envy - $350 million from Macquarie Group to build something called the HyperGrid Project. Think of it as a private energy buffet specifically designed to feed the voracious appetite of artificial intelligence and high-performance computing sys...
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