AI cloud startup Volta valued at $2.4 billion, announces $10 billion AI partnership

• Bloomberg News reported that the Nvidia-backed Volta's $10 billion cloud contract is with Anthropic, citing people familiar with the matter.
• Reuters has not been able to independently verify the report.
• The six-year agreement covers computing capacity at a data center operated by crypto mining firm Bitdeer in Norway with 133 megawatts of capacity powered by Nvidia's Vera Rubin chips, the report said.
• Anthropic declined to comment and Volta did not immediately respond to a Reuters request for comment.
• AI companies have been spending heavily on computing infrastructure needed to run large language models.
• Volta said the Norway project is the first in a development pipeline exceeding one gigawatt of near-term power capacity across North America and Europe.
• The startup raised $300 million in a seed round and Series A financing, the Bloomberg report said.
• The rounds were led by Azora, Andreessen Horowitz, Altimeter and Nvidia, Volta said.
• Anthropic has signed a series of computing and investment agreements with companies including SpaceX SPCX.O, Advanced Micro Devices AMD.O, Microsoft MSFT.O, Nvidia NVDA.O, Alphabet GOOGL.O, Amazon.com AMZN.O and Micron Technology MU.O.

Aug. 4 (Reuters) - Volta Infra, a seven-month-old AI infrastructure startup, said it raised funds at a $2.4 billion valuation and landed a $10 billion contract with an unnamed AI company to provide cloud-computing services in Europe alongside Bitdeer Technologies BTDR.O.