Wall Street and Google Pool $5B to Rival CoreWeave
Blackstone commits $5 billion to a new Google joint venture selling TPU compute-as-a-service, directly challenging CoreWeave with Wall Street capital and Google's chip stack.
Articles Tagged "Investment"
Qualcomm Hits Record High as AI Device Bet Pays Off
Qualcomm stock surged 12% to an all-time high on May 22 and is now up 75% in a month, driven by an OpenAI smartphone deal, a Stellantis car contract, and a data center chip push - forcing Wall Street to rethink a company it had written off.
AI Startups Are Gaming Revenue and VCs Look Away
AI founders are reporting contracted ARR as actual revenue, inflating public figures by 3-5x - and their investors know it.
Cerebras $5.5B IPO Pops 68% - Biggest US Tech Debut Since 2020
Cerebras raised $5.55B and surged 68% on Nasdaq debut, the largest US tech IPO since Snowflake in 2020, but a 200x revenue multiple and a single-customer backlog tell a more complicated story.
Altman: Musk Wanted 90% of OpenAI From the Start
Sam Altman testified that Elon Musk demanded majority control of OpenAI from the beginning, with an opening ask of 90% equity - a revelation that reframes the entire lawsuit.
OpenAI, Anthropic Launch $11.5B Enterprise AI Bets
OpenAI and Anthropic announced rival PE-backed enterprise AI services ventures on the same day, each deploying forward-deployed engineers into corporate clients via private equity distribution.
Cerebras IPO 20x Oversubscribed Signals AI Chip Crunch
Cerebras Systems raised its IPO price to $150-$160 per share after investors placed over $10 billion in orders on a $3.5 billion offering - 20 times oversubscribed.
NVIDIA Bets $2.1B on IREN to Build 5 GW AI Factories
NVIDIA and IREN plan 5 GW of DSX-aligned AI factories, backed by a $2.1B investment warrant and a $3.4B, five-year GPU cloud contract.
Meta Earns Record $56B, Cuts 8K Jobs to Fund $145B AI
Meta posted a record Q1 2026 revenue of $56.3 billion on April 29, then announced 8,000 layoffs and raised its AI infrastructure budget to $145 billion - sending the stock down 7% despite the record earnings.
DeepSeek Nears $45B as China's Big Fund Leads Round
China's state semiconductor fund is leading DeepSeek's first-ever VC raise at a $45B valuation, signaling a strategic shift from chip investment to backing AI model labs directly.
SAP Acquires Prior Labs in $1.16B European AI Push
SAP buys German tabular AI startup Prior Labs and commits €1B to build Europe's first frontier AI lab, while also acquiring data lakehouse Dremio in a two-front push on structured enterprise data.
OpenAI, Anthropic Race to Build Their Own Palantir
On the same day, OpenAI and Anthropic each announced PE-backed enterprise ventures valued at a combined $11.5B, both built on the forward-deployed engineer model Palantir made famous.
