In a dramatic turn of events, Bitcoin miner Core Scientific has rejected an “unsolicited” $1 billion buyout offer from Nvidia-backed specialized cloud provider CoreWeave. The all-cash offer came in just five months after the company emerged from Chapter 11 bankruptcy. Core Scientific said the all-cash offer significantly undervalues the company’s
Category: Business
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Nvidia has become the world’s second most valuable company. The chipmaking giant’s market capitalization reached a staggering $3.01 trillion on Wednesday afternoon, surpassing Apple’s $3 trillion mark and making it the first chip firm to hit $3 trillion in market cap. The remarkable feat underscores the growing influence and demand
The AI boom that began with the launch of ChatGPT in November 2022 has led to surging demand for the graphics processing units (GPUs) essential for powering AI data centers. One notable beneficiary of this surge is CoreWeave, an Nvidia-backed cloud computing startup that provides the computational power necessary for complex AI
Microsoft is partnering with Abu Dhabi-based AI startup G42 to invest $1 billion in a data center in Kenya as part of the company’s efforts to expand cloud-computing services in East Africa, the two companies announced on Wednesday. This is Microsoft’s second major partnership with G2 in less than a month. As
Zug, Switzerland, May 17th, 2024, Chainwire Alephoria invites web3 users to the Aleph Zero ecosystem with an interactive initiative of campaigns as projects launch Aleph Zero–the privacy-oriented layer 1 blockchain–is gearing up for a surge of new users with its Alephoria campaign. Newcomers can look forward to airdrops and other promotional
With the rising demand for AI chips, Zoho, a prominent Indian software company renowned for its suite of software and online business solutions, is gearing up to jump into the fray of domestic chip manufacturing. According to Reuters, which cites two sources familiar with the matter, Zoho is in discussions
Zurich, Switzerland, May 06th, 2024, Chainwire Galaxis is preparing for this month’s token launch on Bybit, with the first phase commencing through the IDO. To further enhance this launch, Galaxis has announced a substantial $1,000,000 Community Creator and Community Member Grant Program. This initiative incentivizes both community creators and
