Chinese AI chipmaker Biren Technology plans to raise up to ~$623M in a Hong Kong IPO, pricing shares at ~$2.19 to ~$2.52, and expects trading to start January 2
GPU startups vying for Nvidia's crown race to fund AI chip development
AI search engine startup Exa Labs raised an $85M Series B led by Benchmark at a $700M valuation, up 10x on its 2024 Series A, and plans to grow its GPU cluster
The $85 million funding round values Exa at $700 million. — The venture capital firm Benchmark is backing a new type …
CoreWeave reports Q2 revenue up 207% YoY to $1.21B, vs. $1.08B est., and adjusted net loss up 2,450% YoY to $130.8M, vs. $96.3M est.; CRWV drops 10%+
Earnings Could Be The Next Catalyst Jordan Novet / CNBC : CoreWeave shares drop even as revenue and guidance top estimates Angelica Ballesteros / Insider Monkey : CoreWeave (CRWV) Surges 7.9% Ahead of...
Bit Digital-owned AI infrastructure company WhiteFiber closed down 4.59% in its Nasdaq debut, after raising $159.4M in an IPO, valuing the company at $619M
Delivering cloud, dedicated, and hybrid AI infrastructure at scale. LinkedIn: WhiteFiber : 🎉 We've hit a major milestone - WhiteFiber is now an independent company trading on NASDAQ as WYFI. — Just ...
Decart, which offers real-time generative video and GPU optimization tech to cloud providers and AI companies, raised a $100M Series B at a $3.1B valuation
and the future of real-time creative AI just got a whole lot closer. … Decart : We've raised $100M to scale real-time, interactive AI. — Our Live Stream Diffusion is proof of what's possible - a new...
Paris-based Zama, which is developing fully homomorphic encryption tech for blockchain and AI apps, raised a $57M Series B at a $1B+ valuation
With GPU scaling, chip development, and Ethereum-compatible tools, Zama is turning FHE from theoretical to practical at scale.
London-based NexGen Cloud, which offers a GPU-as-a-service cloud for clients that need flexible access to train AI, raised a $45M Series A at a $354M valuation
David Prosser / Forbes :
Sources: OpenAI is in early talks to raise up to $40B at a $340B valuation; the startup was last valued at $157B in October, when it raised $6.6B
I'm old enough to remember when $6.6B was an unheard of amount of money for a startup to be raising. Bluesky: Ed Zitron / @edzitron.com : I LOVE Masayoshi Son. The entire generative AI market is pote...
A close look at DeepSeek, which is estimated to have access to ~50K Hopper GPUs, a total server capex of ~$1.3B, and a GPU spend of $500M+ over its history
The DeepSeek Narrative Takes the World by Storm — DeepSeek took the world by storm. For the last week, DeepSeek has been the only topic …
Oracle reports Q2 revenue up 9% YoY to $14.06B, vs. $14.1B est., and signs a deal with Meta to train Llama models on Oracle's cloud; ORCL drops 7%+
Larry Ellison's Fortune Loses $15 Billion Itai Levitan / Forexlive : Mixed signals in the market: Google soars while Oracle dives Andrew Kessel / Yahoo Finance : What Analysts Are Saying After Oracle'...