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Parasail Brokers Between AI Compute Demand And Supply

3 months 1 week ago

Mike Henry was interim chief product officer at AI inference company Groq in 2023, a position that put him in close contact with a lot of datacenter administrators and managers. …

Parasail Brokers Between AI Compute Demand And Supply was written by Jeffrey Burt at The Next Platform.

Jeffrey Burt

Climate Firm That Partnered With Meta, Microsoft Goes Bankrupt

3 months 1 week ago
Climate startup Aspiration, which boasted a roster of celebrity backers and arranged carbon credits for Meta Platforms, Microsoft and other large companies, filed bankruptcy weeks after its co-founder was arrested on fraud charges. From a report: CTN Holdings, as the company is now known, has about $170 million in debt. The goal of the bankruptcy is to sell its assets as quickly as possible in order to repay creditors, chief restructuring officer Miles Staglik said in a court filing. The pool of potential bidders is small and the nature of the CTN's ventures will likely require more cash and "long term horizons before any potential value could be realized for creditors," Staglik said. The bankruptcy was filed after co-founder Joseph Sanberg was charged by federal prosecutors with conspiring to defraud two investor funds of at least $145 million, according to a US Department of Justice announcement earlier this month. The charges involve his personal conduct and don't implicate CTN or its affiliates "in any criminal activity," said Staglik, a managing director at CR3 Partners that's been hired as CTN's restructuring adviser.

Read more of this story at Slashdot.

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