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AI News from ET - A16z crypto leads $33 million bet on compute marketplace Ornn

Vishwadeep Khatri
in AI News & Two Lenses

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Compute marketplace Ornn has secured $33 million in a funding round led by a16z crypto, with participation from Galaxy Ventures and others. Founded by MIT graduates, Ornn aims to bring transparency to the computing power market, which is crucial for AI. The platform will allow data centers and cloud providers to trade compute capacity, similar to commodity markets. This funding will fuel talent acquisition and business expansion.

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