CoreWeave Lowers 2025 Revenue Outlook Amid AI Supply Constraints
CoreWeave Q3: $1.36B revenue, $55.6B backlog, margins drop to 4%. 2025 outlook cut to $5.05–$5.15B on supply delays, high AI demand.
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Arm Forecasts Strong Growth on AI Boom and High-Value Chip Designs
Arm Holdings beat Wall Street forecasts with strong AI-driven chip demand, forecasting $1.23B in revenue for Q3. The company’s advanced Compute Subsystems and data center expansion fuel its bullish outlook.
Apple Plans $1 Billion Deal with Google for Powerful AI to Rebuild Siri
Apple is set to pay Google about $1 billion yearly to use its 1.2 trillion-parameter AI model, helping power a major Siri upgrade expected next year.
Netflix in Talks with iHeartMedia to Bring Video Podcasts Exclusively to Its Platform
Netflix is reportedly negotiating with iHeartMedia to stream popular video podcasts exclusively, aiming to rival YouTube’s dominance in the video podcast space.
Baidu's Apollo Go Hits 250,000 Weekly Robotaxi Rides, Matching Alphabet's Waymo
Baidu's robotaxi unit hit 250,000 driverless weekly rides, matching Waymo's figures. They report zero major accidents.
Amazon AWS Secures Massive $38 Billion Deal to Supply OpenAI Compute Power
AWS signed a $38 billion deal to power OpenAI. Amazon will provide massive computing resources (like Nvidia GPUs) over seven years for AI development.