Allbirds Pivots to AI Infrastructure, Shares Surge 400%
Allbirds is exiting its core footwear business to pivot into AI compute infrastructure, sending its shares soaring. The move reflects growing investor interest in AI-related ventures.
Allbirds is exiting its core footwear business to pivot into AI compute infrastructure, sending its shares soaring. The move reflects growing investor interest in AI-related ventures.
CoreWeave has secured a $6 billion cloud deal and $1 billion equity investment from Jane Street, highlighting surging demand for AI infrastructure. The company continues to expand major partnerships.
Anthropic has signed a multi-year deal with CoreWeave to power its Claude AI models, expanding compute capacity as demand for AI infrastructure surges.
Meta has committed an additional $21 billion to CoreWeave for AI cloud infrastructure, deepening its push into artificial intelligence. The deal highlights rising demand for high-performance compute.
Uber is using custom AI chips from Amazon to enhance model training and app performance.
Alibaba reported a sharp profit decline and missed revenue expectations, as heavy AI and cloud investments impacted quarterly results.
Alibaba and Baidu are increasing cloud service prices by up to 34 percent as AI demand drives higher infrastructure and computing costs. The changes take effect April 18.
Nebius has signed a long-term AI infrastructure agreement with Meta worth up to $27 billion, providing large-scale compute capacity powered by Nvidia’s Vera Rubin platform.
Cloud computing allows individuals and organizations to store data and run applications on remote servers instead of local computers. This guide explains how cloud computing works and why it is widely used.
French AI firm Mistral AI has agreed to acquire cloud computing startup Koyeb, strengthening its push to build a full-stack AI and cloud infrastructure business in Europe.
French AI startup Mistral plans to invest €1.2 billion in Sweden to build AI data centers and digital infrastructure, reinforcing Europe’s AI capabilities and tech sovereignty.
Nebius has agreed to acquire agentic search provider Tavily, integrating real-time web search into its AI cloud platform as enterprise adoption of autonomous AI agents accelerates.
Amazon Web Services reported its strongest quarterly growth rate in more than three years, driven by enterprise cloud migration and rising AI workloads.
Andreessen Horowitz (a16z) raised over $15 billion across five new funds, including $1.7 billion for AI infrastructure and $6.75 billion for scaling startups, amid surging investor interest in tech.
OpenAI has acqui-hired the team behind Convogo, a leadership assessment platform, to support its AI cloud efforts. The startup’s technology will not be acquired and will be shut down.