News linked to both this project and an event.
Odaily reports: AI compute startup General Compute has completed a $100 million Series A funding round, led by Blackbird Ventures and Abstract Ventures, with a post-money valuation of $800 million, a significant increase from the $60 million valuation after its seed round in May this year. The funding was driven by an order from a large customer with $100 million in annual recurring revenue.General Compute focuses on AI inference compute, using specialized chips from NVIDIA competitors, and has reached a $400 million chip procurement agreement with SambaNova, with suppliers also including Positron and Cerebras. Unlike the traditional approach of building large data centers, the company deploys AI compute by leasing data center space, utilizing smaller-scale power resources, and retrofitting Bitcoin mining farms, with plans to deploy 75 megawatts of compute capacity by 2027. Amid CoreWeave's stock falling to near a 12-month low and Elon Musk's prediction that more than 200 new cloud service providers will undergo elimination and consolidation, General Compute co-founder and CEO Finn Puklowski believes that market fears of a chip-induced industry collapse are severely exaggerated, and customer demand for various chips and compute remains strong.PANews, October 27: According to reports, AI compute startup General Compute has completed a $100 million Series A funding round, led by Blackbird Ventures and Abstract Ventures, with a post-money valuation of $800 million, a significant increase from the $60 million valuation after its seed round in May this year. Currently, General Compute focuses on AI inference compute, using specialized chips from NVIDIA competitors, and has reached a $400 million chip procurement agreement with SambaNova, with suppliers also including Positron and Cerebras. (TechCrunch)
Galaxy Digital released its Q3 2026 financial results, reporting a net profit of $323 million, marking a turnaround from an $85 million loss in the previous quarter. Adjusted EBITDA reached $455 million, while total assets grew sequentially by 51% to $16.4 billion. Cash, stablecoins, and U.S. Treasuries totaled $4.9 billion, nearly doubling quarter-over-quarter. In its digital asset business, trading volume increased sequentially by 12%, outperforming the broader spot market. The combined scale of asset management and staking grew sequentially by 46% to $10.4 billion, alongside a multi-year partnership with BNY Mellon to provide staking support for its digital asset custody platform. The data center business saw adjusted EBITDA rise nearly fivefold sequentially to $69 million, primarily driven by the first full operating quarter following the delivery of 133 MW of compute capacity for Phase I of Helios to CoreWeave. Phase II has broken ground with fully funded financing. The company completed a $3.5 billion issuance of senior secured bonds for this purpose, and its overall power pipeline has expanded to over 5.7 GW, with server room deliveries expected to begin in Q2 2027. Regarding capital operations, the $200 million share repurchase program launched in February was completed on October 15, with approximately 9.8 million shares cumulatively repurchased. On October 26, the Board of Directors approved a new $200 million repurchase authorization.
Odaily reports: Investment firm Seawolf Capital says it is shorting cloud computing company CoreWeave. The firm was founded by three traders known for the book and film "The Big Short," and co-founder Vincent Daniel said the short position began with an analysis of CoreWeave's business model.Seawolf Capital points out that CoreWeave rents out AI compute powered by high-end GPUs, a model similar to businesses that purchase specific assets and then lease them out. The firm believes the economic lifespan of GPUs may fall short of oil drilling equipment, aircraft, or shipping equipment, and that competing chip compute supply is rapidly increasing.Vincent Daniel said CoreWeave needs to continuously invest large amounts of capital to purchase high-priced AI chips. Based on its assessment of the company's 2027 free cash flow gap and balance sheet leverage, the company may need to raise tens of billions of dollars in new funding on favorable terms. Seawolf Capital says its short thesis is focused on capital availability and cost, not a bearish view on the overall AI trade. (Business Insider)
Odaily reports: AI cloud service provider CoreWeave has announced the launch of Physical AI Launchables, unveiled at the NVIDIA GTC Berlin event. The product offers physical AI workload templates built and tested by CoreWeave engineers, aimed at robotics, autonomous vehicle, and simulation teams, enabling task launch via a single command and reducing upfront preparation work such as environment configuration, storage setup, and task scheduling.The first batch of templates covers five tools—NVIDIA Isaac Sim, CARLA, MuJoCo, NVIDIA AlpaSim, and NVIDIA Cosmos 3—supporting workflows such as data generation, model evaluation, and policy training, and integrating Cosmos Data Factory-related agent skills usable for video, image, and text data augmentation, auto-labeling, and data curation. The platform also provides specially optimized skills for coding agents such as Claude Code and Codex, supporting automatic task launch, run-status monitoring, and result retrieval.CoreWeave is also collaborating with physical AI software vendors including Cadence, Encord, and Voxel51 to bring related products onto its cloud infrastructure.
Odaily reports: 9 public companies have formally objected to the issuance of tokenized versions of their stocks on a proposed platform backed by OKX and Intercontinental Exchange (ICE). ICE is the parent company of the New York Stock Exchange (NYSE).The companies involved include Cerebras Systems, AppLovin, Applied Digital, Rocket Lab, CoreWeave, Verizon Communications, Applied Optoelectronics, Broadcom, and UnitedHealth Group. The announcement did not disclose the specific reasons for each company's objection.Under the innovation exemption arrangement published by the U.S. Securities and Exchange Commission (SEC) on September 17, tokenized trading platforms must issue written notice to issuers and provide an opportunity to object before listing third-party tokenized stocks. Over the past 30 days, more than $754 million in funds have moved on-chain, with the total scale of stablecoins and tokenized assets reaching $320 billion. (Cointelegraph)
According to the market briefing released by QCP Capital (QCP Market Colour), US September CPI rose 3.7% year-over-year and 0.6% month-over-month, with market expectations at 3.6% and 0.6%, respectively. Core CPI increased 2.6% year-over-year and 0.3% month-over-month, exceeding forecasts on both metrics. Despite the resilient inflation data, US Treasury yields retreated significantly. During the prior week, yields on 10-year and 30-year US Treasuries briefly spiked to 5.35% and 5.73%, respectively, before capital flowed into long-dated Treasuries as a safe haven, reversing the reflation trade that had previously dominated the market. QCP noted that this risk-off sentiment was primarily driven by credit stress in the AI infrastructure sector. AI compute provider CoreWeave closed down 15.5% on the day, and its five-year credit default swap (CDS) spread widened to 60%, prompting declines in the NASDAQ and South Korea’s KOSPI indices. Separately, MSCI introduced a new “non-operating company” classification framework this week, which may impact whether certain securities retain their place in the index and trigger forced redemptions from passive funds. Consequently, the index inclusion status of Strategy (MSTR) remains uncertain. QCP argued that credit quality within the technology sector is now displacing inflation and fiscal concerns as the primary constraint on risk appetite. With the tech earnings season commencing in approximately two weeks, the upcoming period will serve as a critical benchmark for determining whether AI-related credit risks could spill over into broader asset classes.
According to The Information, AI compute company CoreWeave and semiconductor giant Broadcom have explicitly opposed a request by OKXICE, a joint venture between cryptocurrency exchange OKX and Intercontinental Exchange, to list and trade its shares on a blockchain.
According to the UK's Financial Times, NVIDIA-backed AI cloud provider CoreWeave is seeking to tap into insurers' vast pools of capital to reduce its financing costs for purchasing AI chips and building infrastructure. Brandon McBride, CoreWeave's co-founder and head of financing, stated that if the company can secure investment-grade ratings for more of its chip-backed debt and ultimately improve its own credit rating, it will have the opportunity to enter the insurance capital market. He noted that the insurance industry's capital base is "almost infinite," because "all the money sitting in insurance capital pools represents one of the largest funding sources in the world."
据彭博社报道，由 Blue Owl Capital 旗下关联机构支持的一家数据中心开发商宣布发债募资 11 亿美元押注 AI 算力，为弗吉尼亚州里士满附近 Digital Drive 数据中心项目提供资金，该数据中心拥有 76 兆瓦 IT 容量，将由 CoreWeave 以15 年、29.4 亿美元的合同全部租赁，预计 2027 年至 2028 年投入运营。
In a post, "White-Haired Stock God" Serenity stated that following NVIDIA's $3.5 billion investment in MediaTek, NVIDIA seems to be actively "picking" potential winners in the next-generation ASIC (application-specific integrated circuit) space through capital and strategic partnerships, with Marvell and MediaTek poised to represent this cohort. NVIDIA's strategy mirrors its earlier backing of Neocloud's Nebius and CoreWeave. By fostering the growth of potential industry leaders and subsequently forging deep financial and strategic alliances with them, NVIDIA aims to cement its dominance within the AI infrastructure value chain. This strategy could exert a "second-order impact" on Broadcom, eroding its relative edge in the ASIC domain, while simultaneously incentivizing AMD, Broadcom, and select major cloud providers to deepen their collaborative efforts. Serenity argues that NVIDIA's moves warrant particular attention, as they will further solidify its strategic foothold in the AI inference market and potentially undermine the prior bearish thesis that hyperscalers' in-house ASIC development would pose a long-term challenge to NVIDIA.
Odaily News "White-Haired Stock God" Serenity shared insights on the AI industry chain on the X platform, noting that AI infrastructure demand is driving multiple sectors—including storage, advanced packaging, computing power financing, optical communications, power supply, and electronic components—into a long-term expansion cycle. The AI supply chain remains in a phase of rapid growth.In the storage sector, Serenity cited UBS forecasts indicating that traditional DRAM manufacturers (such as Micron) could see gross margins reach an unprecedented 95% by 2027, potentially even surpassing the gross margin levels of HBM products. Additionally, SanDisk's long-term agreements already cover approximately two-thirds of its 2028 production capacity, with minimum contracted revenue reaching $93 billion. Given its current market cap of around $239 billion, this suggests its future revenue targets could persist for years, making it difficult to simply classify the company as a traditional cyclical stock.On the cloud computing infrastructure front, CoreWeave has signed agreements to use Nvidia A100 GPUs through 2029. This is a positive development for emerging cloud computing companies such as Nebius and Iren, and it also weakens some investors' bearish thesis centered on the rapid depreciation of older GPUs.AI model companies are also continuing to grow at a pace that exceeds expectations. Frontier AI labs are still maintaining extremely rapid growth rates, and a slowdown in growth would actually be a cause for concern. The market projects that Anthropic's 2028 revenue could reach $190 billion to $200 billion.However, advanced packaging and semiconductor infrastructure remain core bottlenecks. The head of advanced packaging at TSMC has stated that in the coming years, the industry may face not only memory shortages but also tight supply of ABF substrates.Serenity concluded that the AI infrastructure supply chain is continuously expanding. From GPUs, storage, and advanced packaging to power, optical communications, and electronic components, every segment is showing a long-term demand growth trend. The AI supply chain is still in a high-speed development stage.
Odaily News - Analyst qinbafrank posted on X platform, stating that the latest earnings reports from CoreWeave (CRWV) and Nebius show the AI cloud computing (CSP) industry is entering a phase of rapid expansion. The competitive focus is shifting from simply providing GPU leasing to building AI infrastructure platforms that encompass computing power, software, data, and operational capabilities.Currently, AI computing demand still significantly exceeds short-term deliverable supply. Meanwhile, pricing power for AI computing is strengthening, but price increases are mainly concentrated on high-value resources. CoreWeave stated that prices for various GPU computing SKUs rose by approximately 25% on average in July; Nebius disclosed that prices for previous-generation GPUs increased by over 30% compared to Q1, with new contracts signed in Q2 averaging over $20 million in annualized revenue per MW, some projects reaching $20 million to $25 million, and short-term emergency capacity prices even reaching $40 million to $50 million per MW.However, price increases are mainly occurring in short-term capacity, next-generation GPUs, large-scale clusters, and production-grade AI inference scenarios. Traditional low-priority, long-term locked-in bare computing power has not seen concurrent price increases. From a profitability model perspective, project-level returns on AI computing are becoming clearer, but overall corporate return on invested capital (ROIC) still needs time to be validated. Nebius has for the first time disclosed relatively clear project payback periods, while CoreWeave is reducing GPU investment pressure through long-term contracts and asset-level financing. However, both companies remain in a high-capital-expenditure phase, with depreciation and financing costs continuing to compress profit margins.Nevertheless, an increasing number of individual projects are achieving closed-loop economic models, indicating that the AI infrastructure business model is gradually maturing. Additionally, both CoreWeave and Nebius are upgrading toward becoming "AI infrastructure operating systems." Future CSP competition will no longer be just about renting out GPU hours but will cover complete service systems including AI training, inference, storage, networking, model deployment, monitoring, security governance, and Agent runtime environments.In terms of capital models, the two companies are also taking different paths: Nebius leans more toward an asset-light model, building AI data centers through capital partners while providing AI infrastructure operations and software capabilities itself; CoreWeave, on the other hand, is promoting a hybrid cloud model through its Omni strategy, deploying complete AI cloud platforms to customers' own data centers and GPU resources, placing greater emphasis on enterprise-level and sovereign AI delivery.Overall, the AI cloud computing industry is evolving from "GPU rental providers" to "AI infrastructure platforms." Short-
Odaily News Nvidia-backed AI cloud computing provider Lambda is raising $917 million through the leveraged loan market to procure AI chips. As artificial intelligence infrastructure construction accelerates, chip financing is emerging as a new avenue for capital investment in the AI industry.Lambda belongs to the rapidly growing camp of "neoclouds" in recent years, primarily offering GPU computing power and AI infrastructure services to enterprises and developers. This financing plan will be carried out through a GPU-backed loan based on GPU asset-related rights, designed to support the company in expanding its AI computing resources.According to reports, AI infrastructure companies are actively exploring new financing methods to meet the massive capital investments required to build large-scale computing clusters. Previously, AI cloud service provider CoreWeave completed the first chip financing transaction in the institutional leveraged loan market, providing a new financing model for the industry.As demand for generative AI continues to grow, Nvidia GPU supply has become a core resource for AI companies' expansion. By using GPU assets as a financing basis, AI cloud providers can rapidly scale up computing capacity without relying entirely on equity financing, while also bringing traditional credit markets into the wave of AI infrastructure investment. (Bloomberg)
According to the market weekly report released by market maker Wintermute (@wintermute_t), the macro and crypto markets experienced multiple shocks over the past week: On the macro level, the Federal Reserve maintained interest rates unchanged at 3.50-3.75% with a 9-3 vote. Officials Hammack, Kashkari, and Logan rarely voted together to support a 25bp rate hike, marking dissent at the second meeting since Chairman Warsh took office. The 30-year US Treasury yield once touched 5.24%, hitting a new high since July 2007, while the 10-year yielded 4.67%. The yield curve bear-steepened, indicating market doubts about the Federal Reserve's inflation credibility. On the stock market level, AI leveraged fund Situational Awareness (under Leopold Aschenbrenner) encountered margin calls due to leverage as high as 400%. Its size plummeted from $45 billion in early July to about $10 billion, forced to sell all public positions to Citadel at a discount. Long positions in AI infrastructure such as SK Hynix and CoreWeave fell sharply, partially explaining the reason for the continuous decline in chip stocks in July. On the crypto level, BTC fell 2.84% weekly and ETH fell 3.63% weekly, but Wintermute believes major sellers are nearly exhausted, and the painful trade direction has turned upward. ETH has outperformed BTC for two consecutive months,
sources familiar with the matter revealed Galaxy Digital Inc. plans to issue approximately $3.5 billion in high-yield bonds for the first time, aiming to fund data center projects associated with CoreWeave Inc. According to the sources, Galaxy Digital is marketing the bond issuance to investors at a yield of around 9%. Morgan Stanley and Goldman Sachs are acting as underwriters for this issuance, with pricing expected to be finalized on Thursday. The sources requested anonymity as the information has not yet been made public.
According to the official announcement, Binance will add 10 bStocks tokens as eligible collateral assets to Cross Margin, Portfolio Margin, and Portfolio Margin Pro on July 22, 2026 at 13:30 (UTC), including SouthKoreaBull3XETF (KORUB), AXT (AXTIB), CoreWeave (CRWVB), DirexionMUBull2XETF (MUUB), GraniteShares2XLongMRVLETF (MVLLB), Tradr2XLongSNDKETF (SNXXB), GraniteShares2XLongINTCETF (INTWB), ProSharesUltraProQQQ (TQQQB), Quantinuum (QNTB), and Oracle (ORCLB). Margin trading for the corresponding bStocks trading pairs will be enabled simultaneously. This feature is available only to VIP3 and above users; borrowing is not currently supported.
According to the official announcement, Binance will open 10 bStocks trading pairs—AXT (AXTIB), CoreWeave (CRWVB), GraniteShares 2X Long INTC ETF (INTWB), South Korea Bull 3X ETF (KORUB), Direxion MU Bull 2X ETF (MUUB), GraniteShares 2X Long MRVL ETF (MVLLB), Oracle (ORCLB), Quantinuum (QNTB), Tradr 2X Long SNDK ETF (SNXXB), and ProShares UltraPro QQQ (TQQQB)—on July 22, 2026 at 21:30, simultaneously supporting spot algorithmic trading bots and Binance Convert zero-fee trading.
According to Bloomberg, humanoid robot startup Walden Robotics, spun off from Toyota's robot research lab, announced the completion of approximately $300 million in seed funding, reaching a valuation of $1.1 billion, and officially emerging from stealth mode. This round was co-led by Deviation Capital and Toyota Motor Corporation, with Toyota's strategic investment and early venture capital arm also participating. Nvidia, Boeing, AE Ventures, Samsung Ventures, and CoreWeave Ventures participated as investors. Headquartered in Cambridge, Massachusetts, Walden Robotics was founded in January this year. It independently develops hardware, software, and AI models, focusing on building general-purpose humanoid robots capable of continuous learning and evolution in real-world environments, currently primarily deployed in the manufacturing and logistics sectors. The company has launched multiple commercialization projects, including a pilot program at a Toyota factory in North America, where robots work alongside human teams to complete 8-hour shifts daily, handling repetitive tasks such as parts loading and unloading, machine cleaning, and equipment preparation. Morgan Stanley predicts that the global humanoid robot market size is expected to surpass $5 trillion by 2050.
According to TechFlow Research, Goldman Sachs' June 30 AI Project Pulse Monthly Report shows that 7 major transactions tracked in June totaled nearly $7 billion. Argentum AI signed a $4.1 billion contract to deploy 27,000 GB300 GPUs for a leading AI company, supported by a 300MW Poland data center, going online in phases in 2026; India's Yotta Sovereign Cloud procured $2 billion worth of 20,736 B300s and 5,120 B200s, subsequently expanding to six Southeast Asian countries. Crypto mining farm AiOnX acquired 77% equity of Genesis Digital Assets for $500 million, converting 1.3GW of power from 15 mining farms to AI computing power. CoreWeave and Dell built the world's first fully validated Vera Rubin NVL72 rack, with 72 Rubin GPUs plus 36 Vera CPUs; NVDA confirmed mass production in the second half of 2026. SMCI raised $7 billion to address approximately $39 billion in backlog orders, covering more than 20 clients, with funds used to lock in upstream components in advance. Goldman Sachs simultaneously raised its global server market size forecast.
Hydra Host, a data center software startup and AI server intermediary platform, has completed a $100 million funding round at a post-money valuation of nearly $800 million. The round was led by Kindred Ventures. Other investors include Nvidia, ARK Invest, Magnetar Capital (an early investor in CoreWeave), and existing shareholders Founders Fund and Flume Ventures.Founded in 2021, Hydra Host initially served cryptocurrency miners but has since pivoted to providing automation software for data center operators. This software enables them to rent out idle Nvidia AI server computing power and operate a GPU matching marketplace connecting GPU holders with renters. The company has now deployed its technology across 50 data centers globally, expanding from 30 in February of this year. (The Information)