Testing sentiments of AI market, Nvidia-backed CoreWaeve eyes up to $32 billion valuation in IPO
1 week, 3 days ago

Testing sentiments of AI market, Nvidia-backed CoreWaeve eyes up to $32 billion valuation in IPO

Firstpost  

Nvidia-backed cloud services provider CoreWeave is gearing up for a highly anticipated U.S. initial public offering, targeting a valuation of up to $32 billion. Reuters CoreWeave is targeting a valuation of up to $32 billion on a fully diluted basis in its U.S. initial public offering, as the Nvidia-backed startup bets on strong demand for generative artificial intelligence. CoreWeave, which provides access to data centers and high-powered chips for AI workloads, mainly supplied by Nvidia, will issue shares worth $350 million to OpenAI through a private placement in the IPO Nvidia currently owns 5.96% of CoreWeave’s Class A shares, which is expected to be reduced to 5.05% after the offering. With AI demand in focus, CoreWeave’s IPO is expected to serve as a key test of whether investors believe specialized data centers can outpace traditional cloud giants.

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History of this topic

CoreWeave inks $11.9 billion contract with OpenAI ahead of IPO
2 weeks, 6 days ago

CoreWeave inks $11.9 billion contract with OpenAI ahead of IPO

The Hindu  

CoreWeave, an artificial intelligence startup backed by Nvidia, has signed a five-year contract worth $11.9 billion with OpenAI ahead of its hotly anticipated stock market launch. "CoreWeave is an important addition to OpenAI's infrastructure portfolio, complementing our commercial deals with Microsoft and Oracle, and our joint venture with SoftBank on Stargate," said Sam Altman, CEO of OpenAI. CoreWeave, whose customers …

AI profits are still a mystery to investors. A new IPO filing holds clues.
3 weeks ago

AI profits are still a mystery to investors. A new IPO filing holds clues.

Live Mint  

Cloud firms that rent out servers have been some of the early winners in the AI revolution. But there’s a new window into AI cloud growth, thanks to the recent prospectus for the initial public offering of CoreWeave, which is planning to list its stock on the Nasdaq under the symbol CRWV. Now that CoreWeave’s financials for 2022 to 2024 …

As CoreWeave gears up for $35 bn IPO, Microsoft delivers it a major blow
3 weeks, 4 days ago

As CoreWeave gears up for $35 bn IPO, Microsoft delivers it a major blow

Firstpost  

Deals with Microsoft represented 62 per cent of CoreWeave’s total revenues last year. The tech giant has pulled out from some of its deals with the company over delivery issues and missed deadlines Microsoft has reportedly pulled back from some of its commitments to IPO-bound CoreWeave. CoreWeave mentioned in its IPO filing papers that “any negative changes in demand from …

Nvidia-backed cloud firm CoreWeave files for $35 bn IPO, first major 2025 AI offering in US
3 weeks, 6 days ago

Nvidia-backed cloud firm CoreWeave files for $35 bn IPO, first major 2025 AI offering in US

Firstpost  

CoreWeave, headquartered in Roseland, New Jersey, will sell shares in the planned sale, as will certain current stockholders. Reuters reported that the corporation is expected to aim to raise over $3 billion through the sale of its shares The New York Stock Exchange building in Manhattan in New York City, New York. File image/ Reuters Nvidia-backed CoreWeave’s revenue increased by …

OpenAI CEO calls India potential AI leader, sees 10x dip in key AI module cost in a year
Trending News
1 month, 3 weeks ago

OpenAI CEO calls India potential AI leader, sees 10x dip in key AI module cost in a year

Live Mint  

New Delhi, Feb 5 Two years after his dismissive stance on India's AI potential raised eyebrows here, OpenAI CEO Sam Altman on Wednesday gave a ringing endorsement to Artificial Intelligence momentum in the country -- and billed India as an important market not just for the new-age technology itself but for the ChatGPT creator as well. In New Delhi on …

SoftBank eyes $40 billion OpenAI investment as US-China AI race heats up: Report
2 months ago

SoftBank eyes $40 billion OpenAI investment as US-China AI race heats up: Report

Live Mint  

Masayoshi Son-led SoftBank Group is in talks to lead a funding round of up to $40 billion in ChatGPT maker OpenAI at a valuation of $300 billion, according to a Reuters report. News of the funding comes as a new Chinese AI startup, DeepSeek, has overtaken ChatGPT as the top free app on US app stores, shattering notions of American …

Nvidia stocks: DeepSeek AI model launch sees a trillion dollars wiped off world’s biggest tech companies’ share prices
2 months ago

Nvidia stocks: DeepSeek AI model launch sees a trillion dollars wiped off world’s biggest tech companies’ share prices

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The reveal of a new …

Nvidia shares fall after China's DeepSeek AI release triggers tech stock selloff
2 months ago

Nvidia shares fall after China's DeepSeek AI release triggers tech stock selloff

Hindustan Times  

Nvidia Corp shares plunged early today during premarket trading in the US after Chinese artificial intelligence startup DeepSeek appeared to provide comparable performance to Western chatbots, but at a fraction of the price, Bloomberg reported. Chinese startup DeepSeek's eponymous AI assistant rocketed to the top of Apple Inc.'s iPhone download charts, stirring doubts in Silicon Valley about the strength of …

French AI Champion Mistral Isn’t for Sale, CEO Mensch Says
2 months, 1 week ago

French AI Champion Mistral Isn’t for Sale, CEO Mensch Says

Live Mint  

-- European artificial intelligence champion Mistral AI is “not for sale” and instead is working toward an initial public offering, according to Chief Executive Officer Arthur Mensch. “Of course that’s the plan,” Mensch said on Bloomberg TV Tuesday when asked about a potential IPO for the French AI startup. Last year, it raised €600 million from investors including General Catalyst, …

Nvidia's market value gets $2 trillion boost in 2024 on AI rally
2 months, 4 weeks ago

Nvidia's market value gets $2 trillion boost in 2024 on AI rally

The Hindu  

Nvidia emerged as the biggest global gainer in market capitalisation for 2024, driven by surging interest in artificial intelligence and the robust demand for its AI-centric chips across various industries. The chipmaker's market value increased by over $2 trillion last year, reaching $3.28 trillion at the close of 2024, making it the second-most valuable listed company in the world. At …

Nvidia’s market value gets $2 trillion boost in 2024 on AI rally
2 months, 4 weeks ago

Nvidia’s market value gets $2 trillion boost in 2024 on AI rally

Live Mint  

- Nvidia emerged as the biggest global gainer in market capitalization for 2024, driven by surging interest in artificial intelligence and the robust demand for its AI-centric chips across various industries. The chipmaker's market value increased by over $2 trillion last year, reaching $3.28 trillion at the close of 2024, making it the second-most valuable listed company in the world. …

Apple approaches $4 trillion valuation as investors bet on AI momentum
3 months, 1 week ago

Apple approaches $4 trillion valuation as investors bet on AI momentum

The Hindu  

Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company's long-awaited AI enhancements to rejuvenate sluggish iPhone sales. it is a function of limited Apple Intelligence features and geographic availability, and as both broaden, it will help to drive an improvement in iPhone demand," Morgan Stanley analyst Erik Woodring said …

OpenAI allows employees to sell $1.5 billion-worth of shares in new tender offer to SoftBank: Report
4 months ago

OpenAI allows employees to sell $1.5 billion-worth of shares in new tender offer to SoftBank: Report

Live Mint  

ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group, two sources familiar with the matter told Reuters on Wednesday. SoftBank's billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup after investing in the last funding round, according to CNBC, which …

OpenAI allows its employees to sell $1.5 billion stock to Masayoshi Son's SoftBank: Report
4 months ago

OpenAI allows its employees to sell $1.5 billion stock to Masayoshi Son's SoftBank: Report

Hindustan Times  

ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group, two sources familiar with the matter told Reuters on Wednesday. OpenAI logo is seen in this illustration taken on February 3 SoftBank's billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup …

CoreWeave targets valuation of over $35 billion in 2025 US IPO, sources say
4 months, 1 week ago

CoreWeave targets valuation of over $35 billion in 2025 US IPO, sources say

Live Mint  

By Echo Wang NEW YORK, - Artificial intelligence cloud platform CoreWeave, is aiming for a valuation of more than $35 billion in its U.S. initial public offering that is expected to occur next year, people familiar with the matter told Reuters on Friday. Roseland, New Jersey-based CoreWeave is likely to target raising more than $3 billion from its share sale, …

OpenAI raises $6.6 billion in funds at $157-billion valuation
5 months, 4 weeks ago

OpenAI raises $6.6 billion in funds at $157-billion valuation

LA Times  

OpenAI has completed a deal to raise $6.6 billion in new funding, giving the artificial intelligence company a $157-billion valuation and bolstering its efforts to build the world’s leading generative AI technology. Microsoft Corp., OpenAI’s largest backer, put in about $750 million, on top of the $13 billion it had already invested in the startup, according to a person familiar …

Today’s top tech news: Apple, Nvidia expected to join OpenAI funding; Nvidia’s forecast dampens AI enthusiasm; Character.AI lays off 5% staff
7 months ago

Today’s top tech news: Apple, Nvidia expected to join OpenAI funding; Nvidia’s forecast dampens AI enthusiasm; Character.AI lays off 5% staff

The Hindu  

Apple, Nvidia expected to join OpenAI funding Apple and Nvidia are in talks to invest in OpenAI as part of a new fundraising round that would value the ChatGPT maker above $100 billion, according to media reports on Thursday. OpenAI has become increasingly important to Apple’s artificial intelligence strategy, with the iPhone maker bringing the AI firm’s chatbot, ChatGPT, to …

Nvidia can’t escape shadow of AI spending fears
7 months ago

Nvidia can’t escape shadow of AI spending fears

Live Mint  

Nvidia has made life at the top look easy. Nvidia’s overall top and bottom lines beat Wall Street’s targets, as did the company’s forecast for the current period ending in October. Nvidia’s projected revenue of $32.5 billion for the current quarter ending in October was 2% ahead of Wall Street’s targets; the company’s projection for the same period last year …

Nvidia reports record quarterly revenue as AI chip demand continues
7 months ago

Nvidia reports record quarterly revenue as AI chip demand continues

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy US computer chip giant Nvidia …

What Rs 10,000 In Nvidia's 1999 IPO Would Be Worth In Today's Market? Let's Find Out
9 months, 1 week ago

What Rs 10,000 In Nvidia's 1999 IPO Would Be Worth In Today's Market? Let's Find Out

ABP News  

Nvidia stock price: Nvidia Corporation has surpassed Microsoft to become the world's most valuable company, buoyed by a surge in its shares fueled by the growing artificial intelligence wave. Nvidia's stock rose over 3 per cent on Tuesday, closing at $135.58 per share, which elevated its market valuation by $110 billion to $3.335 trillion. Nvidia Corp, which went public in …

Intelligent bet: Can Nvidia keep up its swift rise?
9 months, 2 weeks ago

Intelligent bet: Can Nvidia keep up its swift rise?

Live Mint  

Last week, Nvidia briefly overtook Apple to become the second most-valuable company in the world at $3.01 trillion. Nvidia’s rise to the top was drastic—fuelling its sharp uptick from a mid-tier tech company to one of the biggest in the world in less than two years. At the heart of this growth is artificial intelligence —as OpenAI’s ChatGPT became popular, …

Nvidia’s business is booming. Here’s what could slow it down.
10 months, 1 week ago

Nvidia’s business is booming. Here’s what could slow it down.

Live Mint  

Nvidia is riding high after another quarter of blockbuster sales and earnings, even as threats are emerging that could weaken the company’s position at the center of the artificial-intelligence boom. Sequoia Capital estimated in March that the industry put $50 billion into Nvidia’s chips to train large language models, but generative AI startups had only made $3 billion in revenue. …

Nvidia’s profit soars, underscoring its dominance in chips for artificial intelligence
10 months, 1 week ago

Nvidia’s profit soars, underscoring its dominance in chips for artificial intelligence

Associated Press  

SAN FRANCISCO — Nvidia on Wednesday overshot Wall Street estimates as its profit skyrocketed, bolstered by the chipmaking dominance that has made the company an icon of the artificial intelligence boom. Huang predicted that the companies snapping up Nvidia chips will use them to build a new type of data centers he called “AI factories” designed to produce “a new …

Microsoft-backed OpenAI secures $80 billion valuation
1 year, 1 month ago

Microsoft-backed OpenAI secures $80 billion valuation

Hindustan Times  

OpenAI, an artificial intelligence company backed by Microsoft, has secured a deal that values it at more than $80bn, according to the New York Times. The deal involves a tender offer led by Thrive Capital, a venture firm, in which existing shareholders of OpenAI can sell their shares. In early 2023, the company agreed to a similar tender offer from …

OpenAI’s Sam Altman seeking trillions to fund chips for AI, report says
1 year, 1 month ago

OpenAI’s Sam Altman seeking trillions to fund chips for AI, report says

Al Jazeera  

Altman has discussed ‘wildly ambitious’ plans with investors, including the United Arab Emirates government, the WSJ says. OpenAI CEO Sam Altman is seeking to raise trillions of dollars from investors, including the United Arab Emirates government, to boost the world’s capacity to produce advanced chips and power artificial intelligence, The Wall Street Journal has reported. Altman’s “wildly ambitious tech initiative” …

How Nvidia became the world’s most important company overnight
1 year, 7 months ago

How Nvidia became the world’s most important company overnight

The Telegraph  

To a degree, Huang is fortunate his video game chips are so well suited to AI, but his allies reject suggestions he simply stumbled upon a pot of gold. Greg Bassuk, chief executive of AXS Investments, says Nvidia’s valuation is “suspect for some investors concerned about geopolitical impacts on the company’s growth prospects”. He adds investors are now looking at …

Visualising Nvidia’s rise to the $1 trillion market value club
1 year, 9 months ago

Visualising Nvidia’s rise to the $1 trillion market value club

Al Jazeera  

Amid an AI boom, the US chipmaker has added more than $500bn in value since the start of 2023. Nvidia is joining the likes of Apple, Microsoft, Alphabet and Amazon with the company briefly reaching a $1 trillion market cap on Tuesday, making it one of only a handful of companies to do so. In 2016, Nvidia’s market cap began …

Nvidia joins trillion dollar club on booming AI demand
1 year, 10 months ago

Nvidia joins trillion dollar club on booming AI demand

The Hindu  

Nvidia Corp. on Tuesday became the first chipmaker to hit a trillion-dollar market value, as the company bets on a surge in demand for its AI chips that power chatbot sensation ChatGPT and many other applications. The latest surge in Nvidia's shares that powered the company past the trillion-dollar mark followed its revenue forecast last week that surpassed estimates by …

AI sets NVIDIA on path to become first US chipmaker to be valued over $1 trillion
1 year, 10 months ago

AI sets NVIDIA on path to become first US chipmaker to be valued over $1 trillion

Firstpost  

Nvidia Corp is poised to surpass a market capitalization of $1 trillion, becoming the first U.S. chipmaker to achieve this milestone. In 2021, Meta reached a trillion-dollar market capitalization, while other U.S. companies such as Apple Inc, Alphabet Inc, Microsoft Corp, and Amazon.com Inc are already part of this exclusive club. Nvidia attracted significant attention in the field of artificial …

Chip giant Nvidia nears trillion-dollar status on AI bet
1 year, 10 months ago

Chip giant Nvidia nears trillion-dollar status on AI bet

The Hindu  

Nvidia Corp. surged 24% on Thursday in one of the largest one-day gains in value for a U.S. stock, after its stellar revenue forecast showed that Wall Street has yet to price in the game-changing potential of AI. Nvidia, the fifth-most valuable U.S. company, on Wednesday projected quarterly revenue more than 50% above the average Wall Street estimate and said …

Nvidia Set To Become First Trillion-Dollar Chip Company As It Cashes In On Generative AI Demand
1 year, 10 months ago

Nvidia Set To Become First Trillion-Dollar Chip Company As It Cashes In On Generative AI Demand

ABP News  

Nvidia, the Santa Clara, California-headquartered chip designer, witnessed a remarkable surge in its shares as investors recognised the immense potential of generative artificial intelligence. The company's stock rallied by an astounding 25 percent, fueled by an optimistic forecast that revealed Wall Street's failure to fully assess Nvidia's AI capabilities. Financial analysts scrambled to revise their price targets for Nvidia stock, …

Nvidia close to being first trillion-dollar chip firm on AI use
1 year, 10 months ago

Nvidia close to being first trillion-dollar chip firm on AI use

Al Jazeera  

US company dominates market for chips used to power ChatGPT and many similar services, a key reason behind its stock surge. Nvidia Corp stock has soared about 26 percent, taking it closer to a market value of $1 trillion after the chip designer’s stellar revenue forecast showed that Wall Street has yet to price in the game-changing potential of artificial …

Nvidia expands in artificial intelligence as Intel defends data centre turf
6 years, 7 months ago

Nvidia expands in artificial intelligence as Intel defends data centre turf

Firstpost  

Nvidia Corp dominates chips for training computers to think like humans, but it faces an entrenched competitor in a major avenue for expansion in the artificial intelligence chip market: Intel Corp. Nvidia chips dominate the AI training chip market, where huge amounts of data help algorithms “learn” a task such how to recognise a human voice, but one of the …

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