Venture Capitalists Race to Build Data Centers as GPU Shortage Squeezes AI Startups

General Catalyst, one of the largest venture capital firms, is building its own data center to supply computing power to portfolio startups, marking an escalation in the venture industry's response to severe chip scarcity. The firm's move, reported exclusively by The Information, reflects a critical shift in how venture capital firms compete for founder attention and capital allocation—GPU access is now as valuable as investment capital itself.