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OpenAI CEO Sam Altman dismissed Elon Musk’s assertion that the Stargate Project lacks funding, emphasizing its $100 billion initial investment. Backed by SoftBank, Oracle, and MGX, the venture will establish AI data centers for OpenAI. Altman labeled Musk’s comments as “wrong” and invited him to visit the first site already underway. Musk’s criticism comes amidst his leadership of rival firm xAI.
A LandGate white paper spotlights Georgia’s booming data center industry, home to 87 facilities with major players like Google and AWS. Atlanta’s hub thrives on tax incentives, renewable energy, and infrastructure, attracting $1.7 billion projects like Edge Energy’s. With 18 new developments and 10 expansions planned, Georgia now leads as a dynamic U.S. data center market, boasting 160+ MW in gross power capacity.
Chris Young, head of Microsoft’s M12 venture fund, has resigned after four impactful years. A former McAfee CEO, Young advanced Microsoft’s AI and data infrastructure investments, fostered innovation, and drove sustainability initiatives. Set to assist with the transition until March, he leaves behind a legacy of strategic partnerships and a stronger venture arm integrated into Microsoft’s business development. His next endeavor remains undisclosed.
London-based Vertice has raised $50 million in Series C funding led by Lakestar, valuing the company at $500M. The AI-driven platform optimizes SaaS and cloud spending, offering 20-30% savings and halving procurement cycles. By analyzing $3.4B in SaaS data and benchmarking 16,000 vendors, Vertice empowers enterprises like Santander and ASML to streamline expenditure. The funds will fuel global growth amid rising IT spending projections.
Seagate has started shipping samples of its Exos M drives, featuring industry-leading 36TB capacities powered by HAMR-enabled Mozaic 3+ technology. Offering 300% higher density and 25% lower cost per terabyte, these drives are revolutionizing data center scalability. With adoption by Dell Technologies and cloud providers, Exos M addresses AI-driven storage demands while setting new efficiency and performance benchmarks for next-generation data management.
