AI Startup Merges With A Billionaire-Backed Data Center Operator In $2.5 Billion Deal
In a landmark move within the AI infrastructure sector, Lightning AI has merged with Voltage Park in a deal valued at over $2.5 billion. This merger combines Lightning AI's software expertise with Voltage Park's robust hardware capabilities, creating a vertically integrated leader in the AI cloud market. Founded by William Falcon, Lightning AI has gained recognition for its open-source tool, PyTorch Lightning, and has expanded its offerings to help companies develop large language models. Voltage Park, uniquely funded by a $900 million grant from crypto billionaire Jed McCaleb, stands out as a debt-free neocloud provider, making it an attractive partner for Lightning AI. Together, they aim to democratize access to AI development resources, positioning themselves as a significant player in the evolving landscape of artificial intelligence.
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