Report comes as Microsoft has apparently declined to take more AI resources from billion-dollar AI startup
Google has already pledged to invest tens of billions in capital expenditure in FY 2025, most likely in AI hardware
In other news, the Nvidia-backed CoreWeave lost nearly a quarter of its value in 48 hours amidst wider stock malaise
It’s interesting times for Nvidia-backed CoreWeave, which provides cloud infrastructure optimized for AI workloads.
It was labelled a “turkey” and “the WeWork of AI” by Jeffrey Emanuel, whose prescient article warning about DeepSeek famously wiped $2 trillion off global markets and cut Nvidia’s market capitalization by $600 billion in day.
