CoreWeave Adjusts IPO Strategy: Lower Share Price Reflects Market Realities In a surprising turn of events, CoreWeave, despite having the support of tech giant Nvidia, has decided to scale back its initial public offering (IPO) by a significant 23.5%. This decision comes as a response to investor concerns regarding the company’s substantial debt and heavy […]
SoftBank invests in AI infrastructure with OpenAI partnership
SoftBank and OpenAI Partner to Commercialize AI Agent Technology SoftBank, a global technology powerhouse, has once again made headlines in the world of innovation by announcing a strategic partnership with OpenAI to advance AI infrastructure. This collaboration aims to revolutionize the landscape of artificial intelligence by commercializing AI agent technology through the establishment of a […]
Meta eyes $35 billion data centre financing
Meta Eyes $35 Billion Data Centre Financing to Meet AI Infrastructure Demand Meta, formerly known as Facebook, has recently made waves in the tech industry with its ambitious plans to invest $35 billion in data center financing. This substantial investment is strategically aimed at meeting the surging demand for AI infrastructure, reflecting Meta’s commitment to […]