A major shareholder in Core Scientific is set to reject the proposed $5 billion acquisition by rival CoreWeave, raising doubts about one of 2023's largest data center mergers. Trip Miller of Gullane Capital argues the deal undervalues Core Scientific, while CoreWeave defends it as a strategic move. The upcoming vote on October 30 could reshape the future of both companies amidst growing investor concerns.
Shares of Nebius Group skyrocketed 40% following a monumental multi-billion-dollar deal with Microsoft. The partnership is set to provide cloud computing power for AI workloads, indicating strong demand in the sector.
In a strategic acquisition, CoreWeave has taken over Core Scientific, targeting energy-intensive sites for AI computing. This deal could reshape the future of both AI and Bitcoin mining as companies pivot to meet rising demand.
CoreWeave's IPO faces challenges as it opens below the expected price amidst fears of market volatility and reliance on major clients like Microsoft. With a historic listing, will this affect the future of AI investments?
