Luxor raised $16 million to expand into AI hardware and trading, betting that computing power will become a market where companies can hedge costs and prices. Luxor Technology raised $16 million to expand its artificial intelligence hardware brokerage and computing-power trading business as bitcoin mining companies increasingly move into AI. Publicly traded bitcoin miners had signed more than $70 billion in AI and high-performance computing contracts by the end of March, according to CoinShares…
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