Blackstone to Lead $600 Million Investment in AI Firm Neysa
A group of investors led by Blackstone Inc. plans to make an equity investment of up to $600 million in Indian artificial intelligence cloud startup Neysa.Along with the equity raise, Neysa will seek to secure an additional $600 million of debt financing, according to a statement Monday. The company plans to use the funds to deploy more than 20,000 graphics processing units in India for AI training and high-performance applications....
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