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- CoreWeave closes $650 million secondary share sale at $23 billion valuation
CoreWeave closes $650 million secondary share sale at $23 billion valuation
Noel Moldvai
November 14, 2024
TL;DR
CoreWeave closes $650 million secondary share sale at $23 billion valuation
Elon Musk’s xAI safety whisperer just became an advisor to Scale AI
OpenAI, Google and Anthropic are struggling to build more advanced AI
Mission Space launches next quarter to provide real-time space weather forecasts
CoreWeave closes $650 million secondary share sale at $23 billion valuation
CoreWeave closed a $650 million secondary share sale, raising its valuation to $23 billion—over three times last year’s. Led by major investors like Jane Street and Fidelity, this sale reflects high investor demand in AI infrastructure. CoreWeave provides essential cloud support for AI, competing with Microsoft Azure and Amazon AWS.
Elon Musk’s xAI safety whisperer just became an advisor to Scale AI
Dan Hendrycks, a key AI safety advocate, has joined Scale AI as an advisor. Known for advising Elon Musk’s xAI, Hendrycks will collaborate on AI model safety, receiving symbolic compensation. His influence spans policy work and regulation efforts, though recent advocacy faced backlash over potential conflicts of interest.
OpenAI, Google and Anthropic are struggling to build more advanced AI
OpenAI, Google, and Anthropic face challenges scaling up AI as models plateau, data scarcity rises, and costs surge. OpenAI’s latest model, Orion, falls short on performance, echoing delays and underperformance at Google and Anthropic. This stagnation questions heavy AI investments and the path to human-level AI.
Mission Space launches next quarter to provide real-time space weather forecasts
Mission Space will launch the first two satellites of a 24-satellite constellation in early 2025 to provide near-real-time space weather forecasts. Targeting industries reliant on satellite data, the project aims to surpass existing data sources, helping predict space weather risks that impact aviation, defense, and space operations.
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Until next week!
Cheerio,
-Noel
These updates are for informational purposes only and do not represent an endorsement or investment recommendation by Augment Capital, LLC. Augment Markets, Inc. is a technology company offering software and data services, in addition to financial products and services through its wholly-owned but separately managed subsidiary, Augment Capital, LLC. Securities products are offered through Augment Capital, LLC, Member FINRA/SIPC.