The startup has raised $4.6B from Nvidia, Sequoia, and Lightspeed to fund its development and has committed over $7B to compute through 2029. This includes a $1B agreement with Nebius and monthly payments of $150M to SpaceX for the Colossus cluster. While the model aims to match top open systems, industry sources expect it to initially trail the most advanced closed-source frontier systems in the U.S.
