Google invests in Fluidstack and former crypto miners to boost TPU adoption

Google is reportedly investing approximately $100 million in Fluidstack at a $7.5 billion valuation. This investment is aimed at promoting wider adoption of Google's TPU chips. The strategy involves supporting data center partners that will build infrastructure using TPUs instead of Nvidia GPUs, thereby expanding Google's market reach beyond its own cloud services. Additionally, Google has provided financing support to former cryptocurrency mining companies, including Hut 8, Cipher Mining, and TeraWulf, as they convert their existing facilities into AI data centers. This move is part of Google's broader strategy to generate demand for its TPU chips.