Anissa Gardizy

CoreWeave’s revenue roughly doubled in the first quarter to $2 billion, while its operating loss jumped to $144 million. But the cloud provider said its revenue backlog has reached nearly $100 billion, up from $67 billion at the end of last year.The metric, which represents demand that has not yet been delivered, is a closely watched figure among cloud providers, who are all racing to secure

The charitable foundation tied to Nvidia CEO Jensen Huang and his wife, Lori Huang, has agreed to rent Nvidia graphics processing units from CoreWeave, which it plans to donate to artificial intelligence developers, according to Nvidia’s annual report.The Huang Foundation has donated $108 million in “GPU compute time grants” to date, according to the report, which was made public Tuesday. The

Madison and Spencer Huang, the daughter and son of Nvidia CEO Jensen Huang, have quietly become rising forces inside the world’s most valuable company—and their paychecks reflect it.Madison, a senior director of product marketing, earned $1.2 million last year, according to Nvidia’s annual report, which was made public Tuesday. That was up from $1.1 million in 2024. Spencer, a director of

Modal, a startup that rents out Nvidia graphics processing units and software to help developers run and train models as well as agents, is in talks to raise money at around a $4.5 billion valuation. That would be an 80% premium to its last valuation from just a few months ago, according to two ...

Brent Mayo, head of data center capital markets at advisory firm Newmark, has left the firm and told people he is joining investment firm DigitalBridge, according to two people with knowledge of the move.At Newmark, which specialized in commercial real estate, Mayo was a part of its digital infrastructure deals, including working on a $7 billion loan from JPMorgan Chase tied to one of

Nvidia might be on a tear, but some investors are still convinced that there’s demand for another kind of specialized chips. And they’re putting their money where their mouth is.For example: San Jose, Calif.-based SiMa.ai, which develops chips that work on devices such as drones or cameras, is ...

Good morning, Anissa here!The AI boom requires an enormous amount of new power plants, chips and data centers. But it also requires something that’s less visible: new financial plumbing that makes it possible to lend against this costly hardware.Miami fintech startup Barkr is one of the firms ...

Base Power, a three-year-old home-battery startup, is in talks to raise funds at a $12 billion valuation, according to a person with knowledge of the discussions. Ribbit Capital, which backed Base Power’s last funding round, has been in talks to lead the current round, according to two people ...

Morning! Anissa here.OpenAI is open to the idea of publicly sharing software it’s been developing to make its AI run on chips from different providers, a senior executive said, a move that could weaken one of Nvidia’s biggest advantages.The revealing comments came from Sachin Katti, who leads ...