Luxor Raises $16M From CMT Digital to Expand AI Infrastructure
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Luxor plans to use the funding to grow its AI infrastructure operations and GPU sourcing services as global chip supplies face constraints.
Luxor has raised $16 million from CMT Digital, according to Cointelegraph, with plans to direct the capital toward its artificial intelligence infrastructure business.
The company intends to scale its existing AI operations and broaden its services for sourcing graphics processing units, or GPUs.
The expansion comes amid constraints in global chip supply chains and growing overlap between AI infrastructure and Bitcoin mining.
Source: Cointelegraph
