Founded in 2020 by CEO Paul Copplestone and CTO Ant Wilson, Supabase positions itself as an open-source alternative to Firebase built on PostgreSQL. The startup has gained traction amid rising interest in so-called “vibe coding” tools and AI-driven app development, and has raised about $380 million across three funding rounds since September 2024, lifting its valuation to $5 billion.
Kang, for instance, used to make reality TV. Now she is directing Vigloo's latest micro-drama, The Return of the Nation's Heir.
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Consider the energy crunch: Global data-center power demand will more than double by 2030, per the International Energy Agency, forcing upgrades to grids, water systems, and connectivity. China’s state grids are embarking on a 5 trillion yuan ($722 billion) expansion explicitly for AI and data centers that is equivalent to 4% of GDP, according to Moody’s. The Qatar Investment Authority has announced a project worth $20 billion (9% of the nation’s GDP), to develop AI data centers and computing infrastructure. And in Korea, despite AI-related spending only accounting for 0.4% of GDP, the country’s recently established sovereign wealth fund is almost exclusively targeted at high-tech industries including AI and chips, while planning to deploy a war chest worth 5.7% of GDP over the next five years.
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