Startup Panthalassa deploys AI chips in the ocean

CNBC's Deirdre Bosa reports on Panthalassa, a Peter Thiel-backed startup deploying AI chips on ocean-based nodes powered by wave energy. The startup aims to meet growing AI compute demand by building floating data centers, and it recently raised $140 million at a near-billion-dollar valuation. - Panthalassa is a wave energy startup coming out of stealth with $140 million from Peter Thiel's Founders Fund. - The company places GPU-covered nodes in the ocean, powered by waves, and beams tokens via satellite. - CEO Garth Sheldon Colson expects AI demand to be very large, with ocean-based compute as a major component. - The broader thesis is that AI compute will expand to every available frontier, including land, space, and ocean. - The story highlights the capital flowing into alternative AI infrastructure solutions beyond traditional data centers. - No publicly traded securities or direct investment vehicles are mentioned in the report.