Bloomberg identified Anthropic, the AI giant, as the customer behind the six-year cloud computing agreement. Meanwhile, AI infrastructure startup Volta also launched a USD 5 billion financing program to expand AI computing capacity.

AI infrastructure startup Volta Infra secured a USD 10 billion cloud computing agreement, reaching a USD 2.4 billion valuation. Additionally, it launched a USD 5 billion AI infrastructure program.

Why You Should Care

As AI companies race to build increasingly powerful models, access to computing infrastructure has become just as important as advances in the models themselves. The latest announcements highlight growing investment in the data centers, chips, and power capacity needed to support the next wave of AI development.

The Details

Bloomberg identified Anthropic as the customer behind Volta’s six-year cloud computing agreement, citing people familiar with the matter. However, Reuters said it could not independently verify the claim. 

The agreement covers computing capacity at a Bitdeer Technologies-operated data center in Norway. The facility will provide 133 megawatts of capacity powered by Nvidia’s Vera Rubin chips.

In addition to the cloud agreement, Volta announced a USD 5 billion AI infrastructure program with asset manager Azora to finance AI factories. Moreover, it raised USD 300 million through seed and Series A funding rounds led by Azora, Andreessen Horowitz, Altimeter, and Nvidia.

Volta said the Norway project is the first in a broader pipeline that exceeds one gigawatt of near-term power capacity across Europe and North America.

The Ripple 

The announcement reflects the increasing importance of AI infrastructure as demand for computing power continues to grow. Rather than competing solely on AI models, companies are investing heavily in the physical systems that enable those models to operate at scale.

Anthropic has already signed computing and investment agreements with companies including Microsoft, Nvidia, Alphabet, Amazon, AMD, Micron Technology, and SpaceX. The Volta agreement, if confirmed, would further expand its network of infrastructure partnerships.

What to Watch

The Norway data center is expected to become Volta’s first operational project within a broader infrastructure pipeline spanning Europe and North America. As AI developers continue expanding their computing capacity, investment in data centers, advanced chips, and energy infrastructure is likely to remain a key focus for the sector.