Chinese AI start-up ModelBest has kicked off its pre-initial public offering (IPO) tutoring process for a listing in mainland China, capitalising on growing demand for compact artificial intelligence models that run locally on devices like smartphones and lap…
CoreWeave surges 16% on $2.58 billion revenue quarter as AI infrastructure demand eclipses crypto Booming AI demand sends CRWV up 16% and lifts IREN and CIFR as investors favor computing infrastructure over crypto. - CoreWeave jumped nearly 17% after raising …
Courtesy of Joanna Stern; Tyler Le/BI Apple has been promising a new, improved Siri for two years. It's finally coming out next month. Meanwhile, Apple veteran Jony Ive is working on a "family" of new gadgets for OpenAI. We should see the first one next year.…
AI cloud giant CoreWeave was up in premarket trading on Wednesday after reporting that its second-quarter revenue doubled, driven by surging demand from hyperscalers for AI compute capacity. The company, which rents out high-powered computing capacity needed …
Bitcoin miners showed a “concerning” trend of pivoting to AI amid a profit squeeze as transaction-fee income barely bounced from 10-year lows of 0.52% of revenue.
