Cloud startup Volta claims $10B AI lab deal for Norway bit barn

An AI cloud startup with backing from Nvidia and Michael Dell plans to open AI factories in Norway and elsewhere, targeting multiple gigawatts of capacity by 2030. Volta describes itself as a vertically integrated AI infrastructure business set up to finance, build, and operate AI factories. In other words, it is another rent-a-GPU "neocloud" operation like Nscale and CoreWeave, but one with some notable backers. Emerging from stealth mode, Volta said it had raised about $300 million across its seed and Series A rounds, reaching a valuation of $2.4 billion. Andreessen Horowitz and Nvidia led the latest round, with other investors including Michael Dell's family office. It also claims to have a $10 billion strategic partnership with an "AI...

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