Cloud computing startup CoreWeave announced its initial public offering at $40 per share, significantly below its expected range of $47 to $55. Alongside the lower pricing, the Nvidia supplier for AI applications also trimmed the offering size from 49 million to 37.5 million shares.Despite the cut,...
Microsoft Corp. chose to skip the $12 billion deal to acquire additional data center capacity from CoreWeave, Semafor reported citing sources with knowledge of the matter.CoreWeave previously signed an $11.9 billion contract with OpenAI to provide AI infrastructure to the latter company....
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