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 »
This week, OpenAI inked a five-year, $11.9 billion deal with CoreWeave, the GPU-heavy cloud provider, securing its own AI computing pipeline—and a $350 million equity stake in the company. With CoreWeave’s pending IPO and deep ties to Microsoft, OpenAI’s deal marks a significant shift in the AI cloud wars. Today, on TechCrunch’s Equity podcast, hosts
OpenAI and Microsoft’s ‘frenemies relationship,’ and what you missed at SXSW Read More »
In a grandmaster-level chess move, OpenAI has signed a five-year, $11.9 billion agreement with the GPU-heavy cloud service provider CoreWeave, according to Reuters, which cites people close to the deal. The deal involves OpenAI receiving $350 million worth of equity in CoreWeave, the sources told Reuters. The private placement is said to be separate from
In another chess move with Microsoft, OpenAI is pouring $12B into CoreWeave Read More »
California’s most controversial AI safety bill of 2024 might be dead, but its author isn’t backing down. State Senator Scott Weiner is back with SB 53, a new AI bill that strips away the most debated parts of last year’s failed legislation while keeping key whistleblower protections and a public cloud computing initiative called CalCompute.
The California AI bill is back…and it lost its teeth Read More »
CoreWeave’s initial S-1 document for its upcoming IPO is full of surprises. Backed by Nvidia, CoreWeave runs an AI-specific cloud service from its network of 32 data centers that together have more than 250,000 Nvidia GPUs as of the end of 2024, according to the company. Since then, it has also added a number of
Ahead of a possible $4 billion IPO, CoreWeave’s founders already pocketed $488 million Read More »
Nvidia-backed data center company CoreWeave has acquired AI developer platform Weights & Biases for an undisclosed sum. According to The Information, CoreWeave spent $1.7 billion on the transaction. Weights & Biases was valued at $1.25 billion in 2023, and it recently filed for an IPO. Lukas Biewald, Chris Van Pelt, and Shawn Lewis founded Weights & Biases
CoreWeave acquires AI developer platform Weights & Biases Read More »
CoreWeave isn’t hanging around. Hot on the heels of a mega funding round valuing the GPU cloud company at a reported $19 billion, the New Jersey startup has opened an office in London that will serve as its European headquarters. Additionally, Coreweave said that it will open two data centers in the U.K. this year
