Storj Acquires Cloud Computing Firm Valdi; Terms Undisclosed
Summary
Storj, a cryptocurrency-backed cloud-storage platform, has acquired Valdi, a high-performance cloud computing provider. The acquisition will allow Storj to offer graphics-processing-unit (GPU) computing to its enterprise clients. Valdi's network includes over 16,000 GPUs worldwide and offers on-demand processing for artificial intelligence (AI) training in various industries. The terms of the deal were not disclosed. Valdi's services aim to address the GPU shortage caused by the growing AI market by allowing customers to use available GPU compute cycles in global data centers. The combined storage and GPU offering is optimized for Generative AI workloads.
