U.K.-based cloud provider Nscale, whose announced customers include OpenAI and Microsoft, is in negotiations to acquire a massive AI data center site in West Virginia, The Information reported. Amazon, Meta and a cloud ally of Google have also expressed interest in the site. The site is ... Read more ›
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CoreWeave, which provides cloud servers to large companies developing artificial intelligence, said late Tuesday it plans to buy Weights & Biases, a startup that helps developers build AI applications. The company, which is preparing for an IPO, confirmed the acquisition plans after The ... Read more ›
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CoreWeave, which provides cloud servers to large companies developing artificial intelligence, is in talks to acquire Weights & Biases, a startup that helps developers build AI applications, for around $1.7 billion, according to two people who spoke to executives at Weights & Biases. The deal could help CoreWeave diversify its base of customers ahead of its initial public offering. CoreWeave primarily generates revenue from large customers such as Microsoft, which... Read more ›
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Two very different startups, Plaid and CoreWeave, have been preening themselves in recent weeks to raise money. Their diverging fortunes show how timing, luck and fast-changing tech trends can create and destroy value quickly. Plaid is a victim of circumstance. The fintech startup is working on a secondary share sale, led by mutual fund Franklin Templeton, at a valuation of $5.5 billion or $6 billion, I’ve learned. That’s less than... Read more ›
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A lawsuit alleging creator membership site Passes hosted child porn is causing quite the stir among creators, founders and talent managers. The complaint, filed by OnlyFans creator Alice Rosenblum in the Southern District of Florida last week, claims that Passes recruited Rosenblum to create pornography before she turned 18 and distributed that content to paying subscribers. The suit, which is seeking class action status, claims the two-year-old startup knew she... Read more ›
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Amazon Web Services has formed a new division focused on artificial intelligence agents, according to an internal memo The Information has viewed, in a bet that cloud computing clients will want to spend more on AI tools that automate tasks. Establishing the new division shows that AWS is ... Read more ›
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When DeepSeek’s success in developing competitive artificial intelligence models at a low cost prompted a $750 billion sell-off in Nvidia shares in late January, Nvidia CEO Jensen Huang wasn’t worried. He told some employees a few days later that DeepSeek had just become Nvidia’s most important customer in China, since any progress in AI will only increase demand for the company’s chips, according to a person who heard his remarks.... Read more ›
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Meta Platforms is preparing a new push to woo businesses to set up and run artificial intelligence chatbots on Messenger and WhatsApp, according to a current employee.As a newcomer in a crowded market, Meta has pitched its business chatbots as tools to provide customer support, plus information and recommendations that will lead to sales, the employee said. The company has also suggested to businesses that running a chatbot on Meta’s... Read more ›
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Figure AI is the talk of the robotics town these days.The three-year-old startup, which designs humanoid robots for work in factories and homes, is planning to raise $1 billion to $2 billion in equity financing at a $38.5 billion pre-money valuation. That’s a staggering 15 times its valuation from a year ago. However, the venture funds which are putting money into the round—Align Ventures, Parkway Venture Capital and FutureNow Technologies,... Read more ›
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The role of salespeople is already changing in the era of artificial intelligence—and big tech companies are notching benefits from using these tools, which could be a leading indicator of how the broader industry is set to transform. At Microsoft, for instance, executives have been touting evidence that custom-built AI tools automating repetitive sales tasks have allowed the company to reduce its sales staff while simultaneously lifting sales revenue. During... Read more ›
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Anthropic, the company behind the Claude series of artificial intelligence models, announced Monday that it has raised $3.5 billion in its Series E funding round, hitting a $61.5 billion valuation including the new money. The investment is higher than the $2 billion initially discussed with some ... Read more ›
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This year is really turning into a dud for tech stocks. Monday’s big market sell-off slammed the tech sector across the board, particularly chip companies like Nvidia and Broadcom that have wide exposure to China. That made it a somewhat inauspicious day for CoreWeave, a young cloud company operating data centers for artificial intelligence firms, to release paperwork for its planned public debut.CoreWeave’s IPO is much anticipated, as it will... Read more ›
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The three founders of CoreWeave will spend the next few weeks trying to sell investors on the cloud provider’s future. What might make that job harder: They’ve already cashed out nearly a half-billion dollars from their stakes, between them. The founders—former commodities traders Mike Intrator, Brian Venturo and Brannin McBee—have each sold at least $150 million worth of stock ahead of the cloud provider’s planned initial public offering, the company’s... Read more ›
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Ramp, the business card and expense software startup, has sold $150 million in existing shares held by employees and early investors at a $13 billion valuation, the company said on Monday. Buyers included Stripes, GIC, Thrive Capital, Khosla Ventures and General Catalyst. The announcement ... Read more ›
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Tech stocks fell across the board on Monday amid a wide-ranging market selloff triggered by President Trump’s statement that tariffs against Mexico and Canada, and additional tariffs against China, will go into effect on Tuesday. Of the group of tech companies with at least a ... Read more ›
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Microsoft on Monday unveiled artificial intelligence for doctors and nurses to automate time-consuming clerical work, such as preparing patient summaries or writing referrals based on recordings of doctor-patient conversations. The product, Dragon Copilot, will be available in the U.S. and ... Read more ›
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Taiwan Semiconductor Manufacturing Company is planning to spend $100 billion on chip manufacturing plants in the U.S., President Doanld Trump is expected to announce at the White House Monday, according to someone with knowledge of the announcement. TSMC, which manufactures advanced chips for ... Read more ›
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Alexis Ohanian, the co-founder of Reddit and an investor, joined billionaire Frank McCourt’s bid to acquire TikTok as a strategic adviser specializing in social media. McCourt, through his entity that researches and advocates on internet issues Project Liberty, has expressed interest in ... Read more ›
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I enjoyed meeting many of you at AI Agenda Live in San Francisco last week! Thank you for coming. Next up is our April 28 event in New York on how the AI boom is being financed. Right on cue, my colleagues just published articles about the tens of billions of dollars that SoftBank and CoreWeave are hoping to borrow to develop artificial intelligence data centers.Let’s get to the news…OpenAI... Read more ›
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It should have been easy. YouTube in late 2022 began including in its app video-streaming services operated by other media companies, such as Paramount Global’s Paramount+ and Warner Bros. Discovery’s Max. People could sign up for the services directly from the YouTube app—YouTube would get a cut—and watch without toggling around on their TV. Amazon makes a lot of money out of a similar feature. But those efforts stalled for... Read more ›
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CoreWeave, the Nvidia-backed startup cloud provider that is preparing one of the most anticipated initial public offerings of the year, grew revenue exponentially while pouring cash into capital expenditures last year, two people familiar with the matter said. The company is expected to publish its IPO prospectus this week and go public this month. CoreWeave generated about $1.9 billion in revenue in 2024, the people said. That is eight times... Read more ›
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20.03.2026 12:16
Last update: 12:11 EDT.
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