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Tue. 03/04 – The First IPO Of The AI Era
Mar 4, 2025
The tech landscape sees its first IPO of the AI era with CoreWeave making headlines. Anthropic secures a hefty funding round, reflecting the sector's vibrant competition. Meanwhile, Apple unveils new iPads powered by the A16 chip. In Austin, Waymo partners with Uber for autonomous rides, revolutionizing transportation. The podcast also dives into innovative smartphones featuring advanced photography and digital organization tools. Lastly, Kinect technology finds a surprising new life in applications beyond gaming, sparking intriguing discussions.
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Quick takeaways
- CoreWeave's IPO marks a major milestone in the AI industry, highlighting its significant revenue growth from cloud-based GPU rentals to AI developers.
- Anthropic's substantial funding round and valuation boost emphasize the increasing investor interest and competition in the artificial intelligence sector.
Deep dives
CoreWeave: The First AI Era IPO
CoreWeave has officially filed for its IPO, marking a significant milestone as the first Initial Public Offering of the AI era. The company generated $1.9 billion in revenue in 2024, a remarkable 737% increase from the previous year, primarily by renting cloud-based GPUs to AI developers. Notably, a large portion of CoreWeave's revenue is derived from a few key customers, with Microsoft accounting for 62% of its income. The company also has a substantial pipeline of contracts worth over $15 billion, illustrating its pivotal role in supporting AI companies with essential computing resources.
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