Groq Seeks $8 Billion Valuation as Neocloud Peers Sell Off
Groq seeks an $8 billion pre-money valuation for its Series B, more than double its August level, as debt concerns hit CoreWeave and Nebius and Nvidia licensing reshapes Groq.
Topic
Neocloud
Topic
Neocloud
Blackstone Defends AI Debt Play as CoreWeave's Stack Hits $50 Billion
Blackstone's Jas Khaira told TechCrunch Disrupt that AI infrastructure debt fears are overblown—even as CoreWeave's debt hits $50…
Microsoft's Scrapped UK Data Center Project Puts Nscale IPO in Doubt
Microsoft has canceled a UK data center project, putting neocloud operator Nscale's IPO plans at risk, SiliconANGLE reports. No l…
CoreWeave Investor Maps Path Out of Debt for AI Neocloud
A CoreWeave investor tells Fortune how the loss-making AI neocloud provider plans to work its way out of its heavy debt load — an…
CoreWeave Must Climb Out of a $52 Billion Debt Hole
CoreWeave is carrying $52 billion in debt. Fortune's October 16 report asks if the AI neocloud can climb out; an investor's answe…
Petra Power Banks on Fuel Cells, $9M in Defense Contracts
Petra Power has won nearly $9M in Defense contracts for solid oxide fuel cells and is targeting 2028 to deploy them at neocloud d…
Nscale Seeks $35 Billion IPO Valuation With Nvidia Footing the Bill
Nscale filed for a New York IPO at up to $35 billion despite a $1.02 billion six-month net loss, with Nvidia committing $1 billio…
London Neocloud Nscale Targets $3 Billion in New York IPO
London neocloud startup Nscale is seeking about $3 billion in a New York IPO, Electronics Weekly reports, choosing a US listing t…