US EditionOpenAI to Pay CoreWeave $11.9 Billion Over Five Years for AI Data Centers, Services
- Ryan Brown from OpenAI stated that restrictive copyright and data privacy laws hinder companies from investing in the U.S. Data center market.
- Matthew A'Hearn indicated that a $2 billion data center investment in Melbourne emphasizes quick deployment capability.
- Meghan O'Sullivan warned that Australia's top-tier status could be undermined if access to U.S. Technology expands to more countries.
127 Articles
127 Articles
CoreWeave serves as bellwether for AI in soft IPO market
The SceneOne cloud computing company is trying to cut through the economic noise to become a herald of the artificial intelligence IPO scene despite a soft market and few attempts by competitors.Earlier this month, New Jersey-based CoreWeave filed with the US Securities and Exchange Commission a plan to list on the public market. While CoreWeave hasn’t disclosed its IPO date, The Information reported it expects to list later this month.CoreWeave…
Skype’s Demise Shows A Great Idea Can Still Loose Billions of Dollars, And Investors Need to Think About Their OpenAI Position Next
24/7 Wall St. Key Points: Microsoft (NASDAQ: MSFT) acquired Skype for $8 billion, but it failed to capitalize on its early lead in video communication due to a lack of a sustainable business model. Skype’s demise highlights how pioneering technology does not always translate into long-term success, as later entrants like Zoom (NASDAQ: ZM) built more effective monetization strategies. The history of tech failures, such as early social media plat…
OpenAI, the creator of ChatGPT, has signed a $11.9 billion deal with CoreWeave, a very promising company that owns an impressive stock of Nvidia GPUs. The deal is for five years, and CoreWeave will provide the power…
New York tech workers are flocking to a coffee shop across from OpenAI's new office. I checked it out to see why.
The author holds a matcha latte and bagged treat outside La Cabra in Manhattan's SoHo neighborhood.Melia Russell/Business InsiderThe next Blue Bottle has hit New York's tech scene.La Cabra's popularity has soared since ChatGPT-maker OpenAI put down roots across the street.The Danish coffee chain is famed for its $9 pour-over brews and cardamom buns.The line to La Cabra stretches onto the sidewalk, a tidy queue of office workers and shoppers saun…
OpenAI Secures Near-$12 Billion CoreWeave Deal, Taking Stake In Cloud Firm Ahead Of $35 Billion IPO To Reportedly Reduce Microsoft Dependence - Meta Platforms (NASDAQ:META), Goldman Sachs Group (NYSE:GS)
OpenAI has signed an $11.9 billion contract with CoreWeave and will acquire a $350 million equity stake in the cloud computing provider, strengthening the company ahead of its expected $35 billion initial public offering. What Happened: The agreement enables OpenAI to reduce its reliance on Microsoft Corp. (NASDAQ:MSFT) for the computing power required to train and operate its AI models, reported Financial Times, citing sources. “Partnering with…
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