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916 Peter Thiel-backed Panthalassa raises $140M to build wave-powered floating AI data centers

Startups News
Daniel Levi @ Startups News · 05/05/2026 09:55 EDT

Peter Thiel-backed Panthalassa raises $140M to build wave-powered floating AI data centers

The race to build bigger AI models is running into a hard limit: power. A single training run can burn through as much electricity as thousands of homes, and new data centers are getting stuck in years-long queues for grid ...

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