Nvidia agrees to a licensing deal with Groq; CEO Jonathan Ross and other top executives will join Nvidia; Groq says it will continue operating independently
anybody who knows anything about AI chips knows groq's first gen chips aren't competitive but maybe their upcoming chips might have been able to threaten nvidia? @josephjacks_ : Overly simplistic take...
Sources: Databricks is raising $5B at a $134B valuation and projects sales to grow 55% in 2025 to $4.1B, at roughly breakeven, with ~$10M in free cash flow
Cory Weinberg / The Information :
Filing: StubHub, which is planning a September IPO, says revenue grew 3% to $828M in H1, missing its earlier projection of $885M, with adjusted EBITDA down 7%
Cory Weinberg / The Information :
Cloud security provider Netskope files for a US IPO, reports H1 FY 2026 revenue up 30.7% YoY to $328.5M; it is seeking to raise $500M+ at a $5B+ valuation
LETTER FROM OUR CO-FOUNDER AND CEO In 2012, I saw the future unfolding before my eyes … Jacob Robbins / PitchBook : Lightspeed-backed cybersecurity unicorn Netskope files to go public Michael Novinson...
Sources: Meta's Scale AI talks started in mid-April, with Mark Zuckerberg floating a $5B investment in early May, which Alexandr Wang later countered with $20B
Cory Weinberg / The Information :
Sources: Meta agrees to take a 49% stake in Scale AI for $14.8B, in a deal that gives cash to Scale's shareholders and makes Alexandr Wang a top Meta executive
Cory Weinberg / The Information :
StubHub files for an IPO, with plans to list on the NYSE, and reports a $2.8M loss on $1.77B in revenue in 2024, vs. a $405M profit on $1.37B in revenue in 2023
Secondary Ticketing Sales Up 29% in 2024 Bill Peters / MarketWatch : Referenced Symbols — Ticket-resale platform StubHub on Friday said it had filed … Los Angeles Times : Ticket platform StubHub fil...
Source: Databricks tells investors it aims to raise $7B to $9B at a ~$61B valuation, to cash out employees that hold RSUs and cover the staff taxes it would owe
Cory Weinberg / The Information : X: @bryce , @alex , @josephjacks_ , and @eastdakota X: Bryce Roberts / @bryce : Zero reason for companies with high demand for their stock to go public anymore. None...
Documents: OpenAI's projections suggest it won't turn a profit until 2029, when its revenue would hit $100B; losses could hit $14B in 2026, up nearly 3x on 2024
Cory Weinberg / The Information :
How Scale AI's $13.8B valuation from May 2024's $1B funding round is almost certainly too high, given below-average margins, a reliance on few clients, and more
Cory Weinberg / The Information : Threads: @paul_rietschka . X: @coryweinberg and @coryweinberg Threads: Paul Rietschka / @paul_rietschka : This company with its high school graduate CEO is absolutel...