
Advanced Micro Devices (AMD) has made a strategic investment in the AI cloud infrastructure startup Vultr, which recently raised $333 million at a valuation of $3.5 billion. This funding round, led by AMD Ventures and LuminArx Capital, marks Vultr's first outside financing after a decade of operations. The investment positions AMD as a key player in the competitive landscape of AI infrastructure, particularly as demand for GPU-powered solutions surges. Vultr plans to utilize the new capital to expand its AI infrastructure capabilities, including the development of a supercomputer featuring thousands of AMD GPUs, which was announced earlier this month. This move is seen as part of AMD's broader strategy to compete against rivals such as Nvidia and Intel in the rapidly evolving AI sector.
🚀 Big moves in the AI game! Nebius just saw stocks soar as Nvidia joined their $700M private placement. AI infrastructure is heating up—keep your eyes on this space! 🔥 #AI #Innovation #TechNews 👉 Read more: https://t.co/8NPLCSpXnL
ICYMI! With $3.5B valuation, Vultr raises $333 million to expand AI infrastructure https://t.co/MYdo4K4ke4 @refreshmiami @Vultr @rileywk
☁️📊 GPU cloud unicorn Vultr (@Vultr) raises $333M at $3.5B valuation from LuminArx and AMD Ventures. https://t.co/QF8vTofaLn #tech #funding #news #techunicorn

