Oracle files to sell $20B in bonds to finance AI buildout
Oracle has filed to issue $20 billion in new debt to finance its artificial intelligence infrastructure buildout. This move indicates that major cloud providers are continuing to increase capital expenditure to meet growing AI compute demand.
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Anthropic Pushes Ahead with IPO at Lower Valuation
Anthropic is moving forward with its IPO ahead of Thanksgiving, accepting a valuation of $1.25 to $1.75 trillion, lower than the hoped-for $2 trillion. The company aims to raise $80 to $100 billion despite a broader tech selloff.
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OpenAI CFO: Midterm elections won't affect IPO plans
OpenAI CFO Sarah Friedlander stated that US midterm election results will not impact the company's IPO plans for next year. She emphasized continued investment in large data centers, redefining them as compute parks to meet customer demands.
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Runway hits $14.5B revenue focus on AI video
Runway co-CEO Anastasis Germanidis stated that the AI video startup has reached $14.5 billion in annual revenue. Despite major players like OpenAI retreating from the space, Runway continues to focus on AI video generation technology and secure market advantages.
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AI e-commerce startup Dalet Labs raises $7M seed funding
AI e-commerce startup Dalet Labs announced it has completed a pre-seed funding round of $7 million and launched its first 'generative shopping guide' app, Scene. This marks the company's formal emergence from stealth mode to leverage AI for a new shopping experience.
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Crusoe sells Wyoming data center to Google
Crusoe has sold its troubled Wyoming data center project to Google. The deal highlights the challenges faced in developing massive AI data centers, indicating uncertainties in infrastructure deployment.
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