In the first quarter of 2025, Hon Hai Precision Industry Co., commonly known as Foxconn, showcased an impressive sales growth, marking the fastest increase since 2022. Amid the rapid development of technologies and the rising demand for data centers, this achievement signals positive trends not only for the company but also for the entire artificial intelligence (AI) sector.
American investment fund Davidson Kempner and British firm Pioneer Point Partners have announced an ambitious project to build a state-of-the-art data center in Portugal, with planned investments amounting to 8.5 billion euros (approximately 9.35 billion dollars) by 2030. This large-scale initiative is designed to meet the growing demand from major technology companies and organizations engaged in artificial intelligence (AI). The project, known as Start Campus, marks a significant milestone in the evolution of digital infrastructure as businesses around the world increasingly rely on cloud computing and advanced AI capabilities.
CoreWeave Inc., a prominent cloud computing provider, has decided to reduce the size of its initial public offering (IPO) to $1.5 billion. This move comes in response to recent volatility in the stock market, which has negatively impacted demand even for the most anticipated investments.
In recent days, the US Department of Commerce has implemented significant changes to its export control list that affect a number of companies involved in cyber technologies and defense developments. The updated list now includes six subsidiaries of Inspur Group—one of China's leading cloud computing and big data service providers—as well as dozens of other organizations from China and several other countries.
Microsoft has made the decision to withdraw from plans for new data centers in both the United States and Europe. This information was confirmed by analysts at TD Cowen, who noted that the decision is linked to an oversupply of computing clusters designed to support artificial intelligence operations. This move could significantly impact the cloud computing market and its key players.
CoreWeave, a startup actively operating in the artificial intelligence sector and backed by Nvidia, is preparing for its initial public offering (IPO). According to sources familiar with the situation, the company will commence marketing its IPO in the coming days, offering shares to investors at a price range of $47 to $55 each. The expected transaction volume could amount to between $2.3 billion and $2.7 billion.
CoreWeave Inc., a prominent cloud computing provider and a rising star in the field of artificial intelligence, is preparing for its initial public offering (IPO). According to sources familiar with the situation, the company aims to raise approximately $2.5 billion through this process. Investors are expecting that CoreWeave's shares will be offered in a price range of $47 to $55 each.
The recent acquisition by Alphabet Inc., the parent company of Google, has drawn significant attention in the technology sector: the purchase of Wiz Inc. for $32 billion marks a major step for the company in the realms of cybersecurity and cloud computing. This move not only aims to strengthen Google’s position in a rapidly evolving market but also raises numerous questions about the future of technology and economics as a whole.
The United States Federal Trade Commission (FTC) has intensified its antitrust investigation into Microsoft, a move that commenced during the early days of the Biden administration. This ongoing probe has attracted the attention of both financial market experts and technology sector observers. This article provides an in-depth look at the investigation, examining its key aspects and potential implications for regulatory practices and market competition.
CoreWeave, an innovative provider of cloud computing solutions, has recently become the center of attention regarding its imminent plans. According to reliable sources, the company is expected to submit its initial public offering (IPO) paperwork in the U.S. next week.
Amid rising global interest in technology, Saudi Arabia has announced an ambitious investment initiative worth $14.9 billion in the artificial intelligence sector. This announcement was made at a tech conference in Riyadh, where the country's Minister of Communications and Information Technology, Abdullah bin Amer Al-Swaha, emphasized the importance of the partnership with leading global tech firms.
Conduent Inc $CNDT experienced a notable surge in its stock price, climbing by 14.6% following reports about a potential sale. The business process outsourcing company has reportedly received acquisition proposals, as highlighted by Reuters. Currently, Conduent is assessing these offers in detail and is engaging in discussions with potential buyers.
