Fluidstack plans to raise $700 million, potentially valuing the company at $7 billion.

According to Bloomberg, cloud computing startup Fluidstack is in talks for a new funding round of approximately $700 million, potentially valuing the company at $7 billion. The round is expected to be led by Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, with participation from Google's parent company Alphabet and Goldman Sachs.