Solstice, a Solana-based protocol, partnered with Irish AI infrastructure provider TensorX to establish a $1B financing facility for purchasing NVIDIA GPUs and expanding data center capacity across Eu…
LinkedIn co-founder Reid Hoffman called Elon Musk's xAI a 'complete train wreck' and dismissed SpaceX's AI strategy as a 'premium-priced CoreWeave' in a recent interview, arguing that buying an AI com…
Meta and Microsoft have added roughly $50 billion each in new data center lease commitments in a single quarter, pushing total future lease obligations past $700 billion across major cloud providers. …
Gartner predicts that by 2030, GPU-specialized neocloud providers will capture 20% of the $267 billion AI cloud market, representing roughly $53 billion shifting away from AWS, Azure, and Google Cloud…
Backblaze announced a $335 million, multi-exabyte storage agreement with CoreWeave covering five- and seven-year terms, providing HDD-based tiered storage for CoreWeave AI Object Storage. The deal inc…
Cloud storage provider Backblaze secured a 5-year, multi-exabyte storage deal with AI cloud provider CoreWeave worth $335 million. Backblaze will provide HDD-based storage tiers for CoreWeave AI Objec…
SpaceX closed a $150 million per month AI compute deal with open-source startup Reflection AI, converting itself into a neocloud provider. Meanwhile, AI infrastructure startup Baseten raised a $1.5 bi…
SpaceX has become a $28 billion per year neocloud business through GPU rental deals with AI companies including Anthropic, Google, and Reflection AI, according to analyst Jamin Ball. The company's ann…
Modelplane, an open-source control plane for AI inference built on Crossplane, is being released to manage GPU clusters as a single inference fleet, handling provisioning, model placement, autoscaling…
Jane Street, a quantitative trading firm, now holds a $20 billion private company portfolio, including a stake in AI company Anthropic. The firm reported $39.6 billion in trading revenue for 2025, sur…
CoreWeave reported a $99.4 billion revenue backlog as of Q1 2026, driven by multi-year take-or-pay contracts with Microsoft, OpenAI, Meta, and Anthropic. The company carries $24.9 billion in debt and …
CoreWeave announced the industry-first deployment of NVIDIA Vera Rubin NVL72 infrastructure on its cloud platform, integrating 72 GPUs and 36 CPUs with a 260 TB/s fabric for large-scale inference and …
Jefferies initiated coverage on IREN Limited with a Buy rating and a $79 price target, projecting 30-36% upside as the company's AI cloud services business is expected to outperform traditional data c…
A viral claim that half of 2026 US datacenter capacity is canceled is based on flawed data and uninformed forecasts, according to SemiAnalysis. The firm's own tracking shows only ~1% movement in hyper…
Allbirds, the sustainable footwear company, has renamed itself Smartbird and appointed Nadia Carlsten as CEO to pivot into AI infrastructure, selling its shoe business for $39 million. Shares surged o…
AI researcher Gary Marcus warns that a weak OpenAI IPO could trigger a cascade of financial problems for Nvidia, Oracle, and CoreWeave, as their valuations depend on OpenAI's massive chip and data cen…
US convertible bond issuance hit roughly $34 billion in the first four months of 2026, more than double the same period last year, with about half of the deals tied to AI companies. AI firms like Core…
CoreWeave has developed two new innovations for AI data centers, a programmable valve system called 'Valvey' and a unified rack controller called 'Racky', designed to improve cooling and control for N…
Allbirds sold its footwear business, laid off most staff, and rebranded as Smartbird to become an AI infrastructure provider. The company, once valued at nearly $4 billion after its 2021 IPO, saw its …
Allbirds has completed its transformation into Smartbird, an AI infrastructure provider, after selling its footwear business and shedding most of its workforce. New CEO Nadia Carlsten, who has never w…