Tesla grants CEO Elon Musk $29 billion pay package

Fortune Tech: Perplexity’s Chrome bid, Apple’s Musk problem, Russia links to court hack, CoreWeave drops

Good morning. In honor of Perplexity’s unsolicited $34.5 billion bid to acquire Google’s Chrome web browser amid U.S. antitrust scrutiny—a figure well beyond the San Francisco AI startup’s $18 billion valuation!—five things I’d like to place an unsolicited bid on with someone else’s money: But please, Marc—keep the disco ball. Today’s tech news below. —Andrew…

Read More
CoreWeave Stock Is Soaring Monday: What's Going On?

CoreWeave Stock Is Soaring Monday: What’s Going On?

CoreWeave (NASDAQ:CRWV) shares are trading higher on Monday following the company’s announcement of a private offering for $1.5 billion in senior notes due 2031. These notes, which will be guaranteed on a senior unsecured basis by certain wholly-owned subsidiaries, are intended to fund general corporate purposes, including the repayment of outstanding debt and associated offering…

Read More
We don't understand the AI bubble fears

We don’t understand the AI bubble fears

CoreWeave (CRWV) is pushing back on fears of overbuilt AI infrastructure and a bubble in the sector. “Not that we see,” CoreWeave co-founder Brannin McBee told Yahoo Finance today about whether customers are getting worried about the pace of investment in artificial intelligence. “And this discussion of an AI bubble — we don’t understand it.”…

Read More
CoreWeave Disappoints on Opening of Trading

CoreWeave Disappoints on Opening of Trading

Shares of CoreWeave, the first artificial intelligence start-up to go public, finished its first day of trading at $40.01 a share, one penny above the disappointing initial public offering price the company had set a day earlier. The company’s share price, trading under the ticker symbol CRWV, signaled concern among Wall Street investors about the…

Read More