CoreWeave turns to prepayments and shorter contracts to fund AI growth
Third-quarter revenue was $3.66 billion, up 168%, with a $709 million loss and a $132.5 billion backlog.
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Stories tagged #neocloud
General Compute raises $100 million Series A for inference neocloud
The round values the startup at $800 million after a chip-supply deal and a customer worth $100 million in annual revenue.
Blackstone’s Khaira says AI-buildout debt fears are overblown
He points to hyperscaler-backed data-center loans, CoreWeave debt near $50 billion, and wider credit spreads after September.
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NVIDIA partners expand European cloud capacity for sovereign AI
Nscale says DSX MaxLPS ran 37% more GPUs and nearly 50% more inference throughput on GB300 NVL72 within the same power budget.
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SpaceX reports AI revenue growth and a return to profit
A cited filing put quarterly revenue at $14.6 billion, with 1.7 GW of neocloud compute and $19.6 billion in spending.
Elice shares fall 30% on debut, pressuring data-center stocks
HSBC rates CoreWeave reduce with a $39 target, while Gartner says 80% of neoclouds may not stay independent by 2030.
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CoreWeave bonds slip into distressed territory amid AI debt fears
Shares fell more than 20 percent, and the company reported more than $35 billion of debt.
Executives expect a neocloud shakeout that could hit Nvidia sales
Only seven to ten providers may remain, while Nvidia's non-hyperscaler sales hit $40 billion in the July quarter.
AI computing startup Lambda to raise $4B ahead of planned IPO
Lambda is raising up to $4 billion at a $14.5 billion valuation ahead of a planned 2027 IPO.
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Ahead of US IPO, British AI neocloud Nscale secures $3.36B in convertible financing
British AI neocloud Nscale raised $3.36 billion in convertible notes ahead of a US IPO.
Nscale’s IPO will test Wall Street’s appetite for concentrated AI bets once again
Nscale's planned NYSE IPO concentrates revenue on Microsoft and Anthropic compute contracts worth about $88 billion.
[AINews] Poolside gets $12B reverse-execuhire to NVIDIA; founders stay for $1B, employees go for $6B, Infraco scaling to 7GW neocloud
NVIDIA struck a $12B deal with AI coding startup Poolside, licensing its Model Factory and hiring 109 of its technical employees.
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