CoreWeave turns to customer prepayments, shorter contracts to fund AI growth
CoreWeave is increasingly asking customers to pay upfront, borrowing against specific contracts, and even looking to short-term deals that could lead to higher prices, according to the company’s third-quarter earnings.
With $720M round, Britain’s Fractile gets a leg up in the race for AI chips
Fractile has now become one of the top-funded players in the race for purpose-built AI chips.
Congress to call Jensen Huang in to answer for alleged Chinese spy affair
Nvidia CEO Jensen Huang has until the end of the day Wednesday to answer a call from House Republicans for a closed-door briefing on his affair with alleged Chinese spy.
Is Jensen Huang’s bad behavior more commonplace than it seems?
“There are a lot of senior people in the industry that know this is happening, and are effectively condoning it,” an investment intel consultant said.
OpenAI’s quarterly revenue reportedly crosses $10B for the first time
Sales of $10B represents an almost 50% jump from revenue of $6.7 billion the company recorded in the second quarter.