Microsoft Corp. will pay $6.2 billion to rent AI computing power in Norway. The British data center company Nscale Global Holdings Ltd. and Norwegian investment company Aker ASA will provide the capacity, the companies said in a statement Wednesday. The project will be powered by secured grid capacity and entirely renewable electricity. The world's largest software maker has been renting more cloud capacity from third-party providers such as Coreweave Inc. of late.
Concerns about the prospects for Lumen Technologies Inc. ( NYSE: LUMN) have lingered. However, recent quarterly results suggested a positive shift in its financial health due to a focus on strengthening its balance sheet and improving liquidity by reducing debt. The global telecommunications company has also focused on improving customer satisfaction. However, it still faces challenges with declining revenue and with free cash flow.
Replit has raised a $250 million round, valuing the company at $3 billion. Unlike other fast-growing vibe coders, Replit has not been running to VCs every few months, though we'll see if that changes. Its last raise was in 2023 when it raised about $100 million that valued the company at $1.16 billion post-money. Replit has now raised a total of about $478 million, PitchBook estimates.
