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yet another ai cloud
Yeah, but this time like... In EU!
Verda is great! The only thing bad about Verda is that it's sold out fairly often :-) So the $189M will hopefully help with that.
Excellent news for European tech stack - congrats!
$198M for AI Cloud when US has a company that pays one of it's employees about that?
AI cloud? I guess 189 mil will buy nvidia GPUs to host inference for Chinese models for Europeans? Is that what this is?
That's a real risk.
Hopefully it's for buying VSORA or Euclyd machines, but well...
Can you buy these already? I think not.
The VSORA machines, possibly. They are apparently delivered and being installed at Scaleway.
The Euclyd machines, probably many months away.
Yeah the sold out bit is telling, and it's rarely the cards, it's finding racks with enough power and cooling ready to take them.
Very good dev experience! Congrats
Sincere congrats to the Verda team :-)
Can someone please help me understand what their competitive advantage is, versus the likes of AWS / Azure et al, who are also available in the EU.
I love a good underdog story, but I'm not understanding the economics of it.
There are several regulated industries that need to have their computing done in the EU without ties to US companies. Sovereignty is currently a big political topic.
Them putting services in EU (even as subsidiaries) is just a marketing strategy where they are straight up lying to customers so they can get more money.
See https://en.wikipedia.org/wiki/CLOUD_Act
Cloud Act: The CLOUD Act (Clarifying Lawful Overseas Use of Data Act) is a U.S. federal law passed in 2018 that allows U.S. law enforcement to compel U.S.-based tech and cloud companies to hand over customer data, even if that data is stored on servers located outside the United States
This is wonderful, congrats to everyone at Verda!
Gongratulations to the team! Their solutions not only allow the data to actually stay in the EU, but are otherwise competetive as well!