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Fri. 03/28 – CoreWeave’s Weak IPO
Mar 28, 2025
CoreWeave's troubled IPO raises questions about investor confidence in tech. Meta reverts to its roots by prioritizing friends' posts on Facebook, trying to foster genuine connections. Meanwhile, Anthropic makes strides in demystifying AI's inner workings. The podcast also delves into the balancing act of AI development, focusing on creativity versus safety, and discusses Yahoo's ambitious plans for AI amid transformative leadership. Additionally, it highlights the crucial role of academic sharing platforms in advancing research.
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Quick takeaways
- CoreWeave's IPO struggled significantly, raising $1.5 billion by pricing shares below expectations, reflecting market skepticism about AI investments.
- Meta is launching a new Friends tab on Facebook to prioritize friend interactions, aiming to revive the original social media experience.
Deep dives
Ubisoft's Strategic Spin-Off and Valuation Boost
Ubisoft is set to spin off a unit that includes the highly popular Assassin's Creed franchise, creating a subsidiary valued at around €4 billion, with Tencent investing €1.16 billion for a 25% stake. This move is seen as a strong vote of confidence from Tencent, especially given Ubisoft's struggles in recent years post-pandemic. The spin-off aims to address the company's financial challenges following the disappointing launch of titles like Star Wars Outlaws and delays in new releases. Shares of Ubisoft have responded positively, with a 9% rise following the announcement, indicating a renewed optimism in the company's strategic direction.
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