Panthalassa, which aims to power floating data centers using energy generated by ocean waves, raised $140M led by Peter Thiel, source says at a $1B valuation (Tim Bradshaw/Financial Times)

Tim Bradshaw / Financial Times: Panthalassa, which aims to power floating data centers using energy generated by ocean waves, raised $140M led by Peter Thiel, source says at a $1B valuation — US tech billionaire leads $140mn investment into Panthalassa as search for AI power pushes into exotic new frontiers