Peter Thiel is backing Panthalassa with a 140 million investment to build AI datacenters in the sea. The plan takes a different approach than ambitious space based ideas from companies like SpaceX and Google, aiming to place compute infrastructure offshore. If successful, it could reshape how data centers handle power, cooling, and real estate constraints.
Peter Thiel’s Founders Fund has raised a record $6 billion for its latest growth-stage vehicle, fueled mainly by external limited partners. The firm’s capital will move fast, reflecting a shift toward mature startups securing large private rounds instead of relying on public markets. Investors can expect roughly a dozen highly concentrated bets.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
