A billion-dollar bet on floating data centers is pushing AI infrastructure into the open ocean despite the harsh realities of waves and corrosion.
Panthalassa’s valuation now nears $1 billion after new financing Peter Thiel led $140 million investment in ocean technology company Investors see ocean energy as vast untapped IT resource Panthalassa, an American ocean technology company, is continuing its plan to relocate data processing to open waters, supported by new financing that puts its valuation at nearly […]










