🌊 AI is making waves

June 25, 2026

AI companies spent years vacuuming up land, power and water. Now they’re skipping the middleman and moving directly into the ocean.

The Peter Thiel-backed Panthalassa raised $140 million to build floating AI data centers that generate power from ocean waves. Massive buoy-like spheres rise and fall with the water, producing electricity while the surrounding sea handles cooling for the servers inside.

They are putting DATA CENTERS in the ocean now.

Panthalassa, a startup from Portland, just raised $140 MILLION.

what they do: build floating platforms that sit out at sea and run AI. no power grid needed. the ocean waves make all the electricity. the seawater keeps the chips… pic.twitter.com/iv2cOj2uza

— shirish (@shiri_shh) June 18, 2026

Think of it as a giant mechanical duck whose sole purpose is helping a chatbot write your email without being too mean.