A naukri.com initiative
Siliconangle
4d
225
Image Credit: Siliconangle
CoreWeave’s IPO fizzles. Is the AI data center boom about to sputter too?
- CoreWeave's IPO fell short of expectations, leading to a 5% drop in stock price on debut.
- Concerns loom over the sustainability of the AI data center building boom, with indications of slowing growth in smaller AI models.
- Delays in AI chipmaker Cerebras' IPO raise doubts due to foreign investment scrutiny.
- Despite challenges, AI models requiring significant compute power continue to gain traction, with notable advancements by Google and Microsoft.
- Major funding rounds for AI startups like OpenAI and Manus signal ongoing investor interest in the sector.
- In other news, genetic testing company 23andMe files for Chapter 11 bankruptcy, potentially putting valuable data up for sale.
- Former Intel CEO Pat Gelsinger transitions to venture capital at Playground Global, raising speculation on a return to operational roles.
- Upcoming tech events include KubeCon+CloudNativeCon in Barcelona and Robotics & AI Media Week in NYC.
- Recent advancements in AI and data include Google's Gemini 2.5 Pro and Microsoft's AI agents for Security Copilot.
- Further developments in AI encompass AI model releases by Alibaba, Amazon, Databricks, and enhanced business intelligence by AWS QuickSight.
Read Full Article
13 Likes
For uninterrupted reading, download the app