As the week wraps up, the tech world has been abuzz with exciting news and developments. From CoreWeave Inc.’s (NASDAQ:CRWV) much-anticipated IPO to Elon Musk’s massive acquisition, there’s a lot to catch up on. Here’s a quick look at the top stories that made headlines.
CoreWeave’s IPO and Revenue Concentration
AI cloud infrastructure company, CoreWeave Inc., backed by Nvidia Corp. (NASDAQ:NVDA), made its public market debut last Friday. CEO Michael Intrator defended the company’s client concentration, attributing it to “mind-bendingly large deals” with Microsoft Corp. (NASDAQ:MSFT) and OpenAI. Intrator believes that the skepticism overlooks the company’s long-term growth potential.
Elon Musk’s $33 Billion Acquisition
In a significant move, Elon Musk’s AI startup xAI acquired his social media company X, formerly Twitter, in an all-stock deal valued at $33 billion. The combined entity is now reportedly worth $80 billion.
Microsoft’s Wake-Up Call
Microsoft CEO Satya Nadella has urged his teams to match the speed and impact of China’s DeepSeek, which launched a top-ranking AI product on the App Store with a team of just 200 engineers. Nadella’s call to action came during an internal employee town hall last month.
Huawei’s AI Chip Advancements
Despite US sanctions, Nvidia CEO Jensen Huang has warned that Huawei Technologies Co. is becoming the “single most formidable technology company” in China. The Chinese tech giant has reportedly doubled its AI chip yields to 40%.
Google’s Most Intelligent AI
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This story was generated using Benzinga Neuro and edited by Rounak Jain
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