July 2 (Reuters) - AI data center startup Crusoe is in talks

to raise about $3 billion in a funding round that may triple its

valuation, Bloomberg News reported on Thursday, citing people

familiar with the situation.

The startup has contracts to supply AI computing power for

the likes of Meta and Oracle, the report said,

as technology giants spend billions of dollars on data centers

to meet the massive computing requirements for GenAI.

Reuters could not independently verify the report and Crusoe

did not immediately respond to a request for comment.

The startup, which builds and operates the type of large

data centers that power AI systems, is still in active talks on

the round, and a final valuation has not been set, according to

the Bloomberg report.

Investors, however, expect the value to fall within the $30

billion range, including the new investments, the report said.

Last year, Crusoe raised $1.38 billion in a Series E round

at more than a $10 billion valuation. The round was co-led by

technology investors Valor Equity Partners and Mubadala Capital.