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Core Scientific shareholders on Thursday voted down an all-stock acquisition offer from partner and competitor CoreWeave that was valued at the time at $9 billion. They did so following a vote-no recommendation from their largest shareholder, Sina Toussi of Two Seas Capital, a firm that focuses on post-bankruptcy companies. Core Scientific emerged from its bankruptcy…
Nvidia is an existing investor in the AI company and participated in its $500 million Series A round in 2024. If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites. If you want to read more like…
Amazon said on Tuesday that it plans to reduce its corporate workforce by 14,000 jobs as it seeks to reduce bureaucracy, remove layers and invest more in its AI strategy. This marks the e-commerce giant’s second-largest job cuts since it slashed 22,000 jobs in 2022. Amazon had nearly 1.2 million employees as of October 31,…
Intel’s third-quarter earnings beat Wall Street expectations Thursday, results buoyed by a bump in revenue combined with larger cuts, and multiple, sizable investments over the last two months as CEO Lip-Bu Tan looks to turn around the struggling semiconductor giant. Intel’s revenue results and its $4.1 billion in net income provides a far rosier view…
For most enterprise companies, AI is either a promise that has yet to deliver or a security risk. The effort of Lithuania’s most famous entrepreneur duo to solve that conundrum has garnered attention — and funding. Just months after Nexos.ai came out of stealth with an $8 million funding round led by Index Ventures, Nord…
Marc Benioff, co-founder and CEO of Salesforce, appears to be walking back comments calling for the National Guard to patrol San Francisco. “Having listened closely to my fellow San Franciscans and our local officials, and after the largest and safest Dreamforce in our history, I do not believe the National Guard is needed to address…
South Korean telco giant SK Telecom is making big changes at its new AI division, AI CIC, just weeks after it was launched. Staff employed by the unit are being offered a voluntary retirement program as part of a broader effort to bring together the company’s various AI-related divisions, SK Telecom confirmed to TechCrunch. “In…
South Korea is nearing a decision on whether to allow Google and Apple to export high-resolution geographic map data to servers outside the country. The detailed maps, which use a 1:5,000 scale, would show streets, buildings, and alleyways in far greater detail than currently available on these platforms. However, several regulatory and security hurdles remain…
While employees spend much of their day communicating and coordinating amongst themselves on projects, this effort is often undermined by the availability of specific individuals. When a colleague with vital information is away — whether on vacation or in a different time zone — the rest of the team must delay progress until that person…
AI hyperscaler startup Nscale has signed a sizable deal with Microsoft to bring Nvidia AI hardware to multiple data centers. The AI cloud provider announced that it signed a deal with Microsoft to bring approximately 200,000 Nvidia GB300 GPUs to three data centers in Europe and one in the U.S. on Wednesday. These GPUs will…