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0 0 0.00189985904271603 -0.000980572409143991 0.0014095728381442 -0.000490286204571995 -0.00159343016485885 -0.000980572409143991
Stock impact report

Neocloud startup PaleBlueDot valued at $1 billion in B Capital-led round [Yahoo! Finance]

Digital Realty Trust, Inc. (DLR) 
Last digital realty trust, inc. earnings: 2/13 04:50 pm Check Earnings Report
US:NYSE Investor Relations: investor.digitalrealty.com
Company Research Source: Yahoo! Finance
more than $1 billion as it ?expands AI computing offerings in the United States and Asia, the company told Reuters. The ?round was led by B Capital, as PaleBlueDot joins a crowded field of so-called "neocloud" companies seeking to meet surging ?demand for AI computing power. PaleBlueDot said it planned to use the proceeds to buy Nvidia graphics processing units (GPUs) and related infrastructure and to hire staff to expand partnerships. The company plans to grow its two-pronged business model that targets both startups and large enterprises. One of PaleBlueDot's clients is an overseas ?entity of Xiaohongshu, the popular Chinese ?social media platform also known as RedNote, according to people familiar with the matter. The arrangement highlights how Chinese technology companies are navigating U.S. restrictions on accessing ?Nvidia's most advanced AI chips. While such firms cannot directly purchase the most advanced hardware, they can legally use it through data centers located o Show less Read more
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