LLM News

AI startup Lightning AI has merged with data center provider Voltage Park in a deal valued at over $2.5 billion, creating a "full-stack AI cloud." The new entity combines Lightning AI's machine learning software, including its popular PyTorch Lightning tool, with Voltage Park's extensive GPU infrastructure. Voltage Park manages over 35,000 Nvidia GPUs and 60 megawatts of data center capacity, notably backed by a billionaire's foundation rather than debt. The merged company projects over $500 million in annual recurring revenue, which includes GPU rentals. This merger arose after Lightning AI's founder, William Falcon, sought specialized "neoclouds" like Voltage Park to bundle AI training software with rented AI chips for corporate clients.

Linq has raised $20 million in a Series A funding round led by TQ Ventures to advance its AI assistant technology within messaging apps. The company faced a choice between maintaining steady B2B revenue or pivoting to become an infrastructure provider for AI in messaging. Linq’s clients preferred sending authentic-looking blue-bubble messages to better connect with their customers. The new funding will help Linq expand its team, refine its market strategy, and further develop its technology. The company did not reveal its valuation.

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