AMD invests in GPU cloud provider Vultr at $3.5 billion valuation

A sign is posted in front of the Advanced Micro Devices (AMD) headquarters on May 10, 2022 in Santa Clara, California.Vultr, a startup that rents out graphics processing units and other cloud infrastructure to businesses, has raised $333 million in a transaction that values the company at $3.5 billion. AMD's venture arm and hedge fund LuminArx Capital Management led the round.Founded in 2014 and known as a low-cost virtual server provider, Vultr offers GPUs from AMD and rival Nvidia, which are in high deman ...