Google’s Cloud Partner for Its AI Chips Is in Talks to Raise $700 Million

Fluidstack, a cloud provider aiding Google’s AI chip push, is in talks to raise more than $700 million in new financing, according to two people with knowledge of the deal.

A one-year-old investment fund started by ex-OpenAI researcher Leopold Aschenbrenner is in talks to lead the financing, one of the people said. Aschenbrenner’s fund, Situational Awareness, has stakes in AI cloud provider CoreWeave and AI developer Anthropic, which is a customer of Fluidstack.