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CoreWeave has secured an additional $21 billion deal with Meta to supply AI computing power through 2032.
Meta has debuted MuseSpark, its first closed AI model developed by the company's new superintelligence group.
CoreWeave's total contracted value with Meta has now reached $35 billion.
The release of the closed model MuseSpark represents a significant departure from Meta's previous strategy of focusing on open-source AI models.
CoreWeave plans to offer $3 billion in convertible senior notes due 2032 and secure an additional $1.25 billion in credit.
Robert Shiffman predicts Meta could raise up to $50 billion in a debt deal across dollars and euros within the next couple of months to fund its capital expenditures.
Anthropic has reportedly exceeded a $30 billion revenue run rate.
Anthropic recently developed a new AI model that it has deemed too powerful for a broad public release.
The United States and Iran are scheduled to hold direct talks this weekend, with the U.S. delegation led by Vice President J.D. Vance.
Iran is requiring that all vessels transiting the Strait of Hormuz must liaise with the Iranian military.
During the most recent earnings season, all major hyperscalers indicated that their revenues are constrained by a lack of available AI compute capacity.
J.P. Morgan Asset Management predicts that this year, the demand for AI inference compute will surpass the demand for AI training compute for the first time.