Cloud provider Lambda might be following rival CoreWeave to the public markets. Lambda, an AI infrastructure company offering on-demand GPUs, has hired bankers for an upcoming IPO, according to reporting from The Information. Lambda has reportedly hired Morgan Stanley, J.P. Morgan, and Citi for a public listing that could happen as early as the first […]
Cloud provider Lambda may be gearing up for an IPO Read More »
CoreWeave, which provides cloud servers to large companies training AI models, has struck an agreement to acquire OpenPipe, a 2-year-old Y Combinator-backed startup that helps enterprises develop customized AI agents with reinforcement learning, the companies announced on Wednesday. “Reinforcement learning is emerging as a pivotal force to strengthen model performance on agentic and reasoning tasks,”
CoreWeave acquires agent-training startup OpenPipe Read More »
CoreWeave announced Monday that it signed a $9 billion all-stock deal to acquire Core Scientific, a data center infrastructure provider. As a result of the deal, CoreWeave says it will gain access to more than a gigawatt of data center capacity — enough energy to power more than 850,000 homes — that it can rent
CoreWeave acquires data center provider Core Scientific in $9B stock deal Read More »
Welcome back to Week in Review! Lots of news for you this week — Travis Kalanick is possibly returning to the world of self-driving vehicles, CoreWeave’s CEO is now worth $10 billion, Apple users aren’t happy with how the company is promoting its new “F1” movie, and much more. Quick note that we will be
Week in Review: Meta’s AI recruiting blitz Read More »
CoreWeave co-founder and CEO Michael Intrator’s net worth has skyrocketed to about $10 billion in the three months since the AI firm went public, Bloomberg reports. His company’s debut was both the biggest tech IPO so far of 2025 – raising $1.5 billion – and also somewhat of a clunker: its founders had reportedly hoped
In just 3 months, CoreWeave CEO, once a crypto-mining bro, becomes a deca-billionaire Read More »
Data center operator CoreWeave is reportedly seeking a $1.5 billion debt deal after a disappointing IPO. According to the Financial Times, CoreWeave is holding a roadshow this week with bankers at JPMorgan for debt options. The company’s executives intend to use the meetings to gauge investor interest. New Jersey-based CoreWeave listed its shares in March,
CoreWeave reportedly looks to raise $1.5B in debt as IPO disappoints Read More »
The tech market doesn’t need to be soaring up and to the right to foster healthy M&A activity. Deals can get done even in down markets. But can M&A thrive in an uncertain market? That’s a harder question. The venture market soured in 2022 as fundraising and exits largely dried up. Since then, venture investors
Tariff turmoil may have killed the tech M&A market’s comeback Read More »
CoreWeave began trading on Friday with more of a shrug than a war cry. The company priced at $40 on Thursday, below the $47- $50 price range announced. It also trimmed the number of shares offered. All told, CoreWeave raised $1.5 billion and nabbed a $14 billion market cap on Day 1, instead of a
CoreWeave co-founder explains how a closet of crypto-mining GPUs led to a $1.5B IPO Read More »
OpenAI is reportedly nearing completion of a massive $40 billion funding round, with SoftBank leading the way. But this week, it wasn’t just the company funding news making headlines— its new image generator went live in ChatGPT, with capabilities including the ability to turn ordinary images into Studio Ghibli-style animation stills. While AI-generated art often
OpenAI is aiming for AGI but landing on Studio Ghibli Read More »
CoreWeave said on Wednesday that it hopes to sell its initial public shares between $47 and $55 per share, putting the money it may raise between about $2.2 billion and $2.6 billion. Word on the street is that CoreWeave wanted to raise at least $3 billion and possibly over $4 billion. But price range announcements
CoreWeave prices its IPO to raise at least $2.2 billion. And now the games begin. Read More »
