Nvidia Contributes to $160 Million Applied Digital Funding Round

Data center operator Applied Digital is the latest company benefiting from investors’ artificial intelligence appetites.The firm raised $160 million in a financing round that included backers like AI chip giant Nvidia, The Wall Street Journal reported Thursday (Sept. 5).Applied Digital builds and leases out space in its data center to other companies, according to the report. It also launched an AI cloud-computing operation powered by Nvidia’s chips.“We have been doing a lot with Nvidia, and I think we’re u ...