Luxor Raises $16M to Expand Into AI Hardware and Compute Trading
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Luxor has raised $16 million to expand into AI hardware and trading, betting on a market that lets companies hedge computing costs and prices.
Luxor has secured $16 million to support an expansion into artificial intelligence hardware and trading, according to CoinDesk.
The move comes as bitcoin miners branch into AI, helping create a market for buying and selling computing power.
Luxor's strategy rests on the prospect that companies will use this market to hedge computing costs and prices. The funding is intended to broaden its business into that emerging sector.
Source: CoinDesk
