One of the largest funding raises by European chip company

Second upgrade to the system since it was installed in 2021

Company says its Foundry AI business has increased by 80 percent in the past year

Sees energy reduction of 20 percent

Company formerly known as Bellatora makes progress in deploying hardware

Round was led by Nordic venture capitalist firm Butterfly Ventures

Funding gap arose after Defense Department reneged on $2.5bn military contract with Intel

Shipped one million more units in 2023 than previous year

Will provide additional capacity to OpenAI, alongside Microsoft Azure

Company had secured a $3.2bn grant from Israeli government to help fund the upgrade

New solution comprised of custom built silicon and new operating system

Data center is slated to be completed in 2026

New offering boosts performance by 50 percent, company claims

Have already been working together for two years

Chinese cloud providers have also attempted to establish data centers in the US to avoid sanctions

Workers angry over below-average pay rises and being blamed for “obvious management failures”

University closes £2m tender for supercomputer

Massive GPU data center dubbed 'Gigafactory of compute'

Has a market cap of $411 billion

Montana State University has purchased two Orca PT-1 systems

Company says simulations on emulators no longer possible

Company to land European HQ in Denmark

Sam Altman keeping it in the family as he eyes deal with company he chairs

Only a few months after reaching $2 trillion, Nvidia passes Apple