DIRS.INFO The most relevant business & tech news

☆ Nvidia-backed GPU cloud provider CoreWeave surges to $19 billion valuation
▼ + stars: | 2024-05-01 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

Nvidia-backed startup Coreweave is based in Roseland, New Jersey, with 160 employees. CoreWeave, a cloud infrastructure startup that rents out graphics processing units to companies, said Wednesday that it has raised $1.1 billion in funding. The new investment values the company at $19 billion, up from $7 billion months ago, a person familiar with the matter said. And during its earnings call on April 25, Microsoft said the company wasn't able to meet demand for AI cloud services. For now, CoreWeave only has three regions of data center infrastructure, all in the U.S.

Organizations: Nvidia, Computer, Microsoft, CNBC, Fidelity, Lykos Global Management, Amazon, Google Locations: Roseland , New Jersey, New Jersey, Paris, U.S

☆ Astronomers detect mysterious 8 billion-year-old energetic burst
▼ + stars: | 2023-10-20 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

A fast radio burst, or FRB, is a pulse of radio-frequency electromagnetic radiation. It lasts a small fraction of a second but outshines most other sources of radio waves in the universe. Radio waves have the longest wavelengths in the electromagnetic spectrum. "The radio waves in FRBs are similar to those used in microwave ovens. Fast radio bursts were discovered in 2007.

Persons: Ryan Shannon, Stuart Ryder, Shannon, Will Dunham, Daniel Wallis Organizations: ESO, REUTERS Acquire, Rights, Australian SKA Pathfinder, European Southern, Swinburne University of Technology, Macquarie University, Thomson Locations: Handout, Western Australia, European, Chile, Australia

☆ Real-estate crowdfunding is a house of cards. PeerStreet's bankruptcy reveals why.
▼ + stars: | 2023-09-14 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +21 min

Like many PeerStreet investors who spoke with Insider, Mincher has a strong résumé. Another form of crowdfunding, equity crowdfunding, works a bit like the stock market without the onerous and expensive process of initial public offerings. The PeerStreet investors who spoke with Insider said the outcome of this case could determine whether they stick with real-estate crowdfunding. Others, such as Fundrise, have moved away from crowdfunding in favor of a model for private real-estate investment trusts, similar to the BREIT later offered by Blackstone. Fritton, the former Patch of Land CEO, said Fundrise's fund model was the wave of the future for real-estate crowdfunding.

Persons: Michael Burry, Christian Bale, Burry's, Crowdfunding, Burry, Andreessen Horowitz, they're, Braun Mincher, PeerStreet, who've, Judge Laurie Selber Silverstein, Brew Johnson, he's, Braun, Mincher, —, it's, Michael Burry Astrid Stawiarz, Ian Ippolito, Ippolito, John McNellis, PeerStreet Ippolito, McNellis, El, Marc Andreessen, Phil McCarten, Silverstein, wouldn't, Sean Quinn, Doug Lyon, Lyon, that's, Jason Fritton, Kirk Brett, there's, Brett, iFunding, CrowdStreet, Nightingale's Elie Schwartz, Nightingale, Schwartz, Yieldstreet, Fritton Organizations: CNBC, Main, PeerStreet, Facebook, McNellis Partners, Funding Trust, Fairfield University, Magnetar, Adler, Securities and Exchange Commission, Department of Justice, Securities, Exchange Commission, SEC, Investors, Blackstone Locations: Delaware, El Segundo , California, crowdfunding, There's

☆ Wall Street analyst defends Nvidia from 'Twitter randos' spreading bearish conspiracy theory
▼ + stars: | 2023-09-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

A conspiracy theory surrounding Nvidia has made the rounds on social media, and a Wall Street firm is having none of it. Bernstein debunked the baseless theory that CoreWeave is a shell company driving much of Nvidia's recent growth. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. And while Nvidia did buy a stake in CoreWeave, it also invested in 10 other AI startups so far this year. He reiterated his "Outperform" rating on Nvidia with a $675 price target, representing potential upside of 46% from current levels.

Persons: Bernstein, Stacy Rasgon, CoreWeave, Rasgon Organizations: Nvidia, Service, Twitter, Magnetar Capital, Blackstone, Blackrock, NVIDIA, Cloud Service Providers Locations: Wall, Silicon, CoreWeave, Texas, FQ2

☆ Scientists unlock mysteries of magnetars, the most magnetic objects in the universe
▼ + stars: | 2023-08-17 | by ( Jackie Wattles | ) edition.cnn.com time to read: +7 min

But it could be explained by magnetic fields — fields that were, in fact, found to be so strong that it was determined to be the most magnetic massive star ever recorded. It even gave rise to a new definition: a “massive magnetic helium star.”Now, scientists suspect that one day, the star will collapse in a supernova explosion. But it’s a massive step forward in unlocking the mysteries of magnetars, which have confounded scientists for decades. The mysteries of a magnetic starThe massive magnetic helium star at the heart of the study is part of a two-star system called HD 45166. Scientists already knew that about 10% of neutron stars are also magnetars.

Persons: CNN —, ”, Tomer Shenar, “, ” Shenar, Julia Bodensteiner, “ It’s, gauss, —, ” Dr, Harsha Blumer, It’s, can’t, Shenar, there’s, that’s, you’d Organizations: CNN, Science, University of Amsterdam, West Virginia University Locations: Netherlands, Canada, France, Hawaii

Aug 3 (Reuters) - Specialized cloud provider CoreWeave has raised $2.3 billion in a debt facility led by Magnetar Capital and Blackstone (BX.N) and collateralized by Nvidia chips, with the funds to be used to expand to meet rising AI workload, the company said on Thursday. Other lenders in the facility include Coatue and DigitalBridge (DBRG.N), as well as BlackRock, PIMCO, and Carlyle (CG.O). Nvidia-backed CoreWeave has seen a boost from the generative AI boom thanks to its purpose-built cloud infrastructure at scale. It has partnerships with AI startups and cloud providers, which it also competes with, to build clusters to power AI workload. CoreWeave also raised $421 million in equity this year led by Magnetar Capital at a valuation of over $2 billion.

Persons: Carlyle, Michael Intrator, CoreWeave, Krystal Hu, Conor Humphries Organizations: Magnetar Capital, Blackstone, Nvidia, Nvidia H100, CoreWeave, Microsoft, Google, Thomson Locations: BlackRock, PIMCO, Texas, U.S, New York

☆ A strange signal from deep space has been detected every 22 minutes for more than 30 years. Scientists have no idea what is causing it.
▼ + stars: | 2023-07-24 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

A mysterious object spotted in the cosmos is beaming radio waves toward Earth every 22 minutes. At the end of their life, stars can collapse into neutron stars, superdense objects that pack billions of tons of matter into tiny little spaces, per NASA. Some neutron stars shoot brilliant beams of light and energy from their magnetic poles. This star is crossing the death lineScientists expect pulsating neutron stars to slow down until they reach a "death line." This wasn't the first time a super slow object like this one had been spotted.

Persons: Natasha Hurley, Walker, Hurley, Dr Hurley, Pete Wheeler, ICRAR Organizations: Service, Curtin University, NASA Locations: Wall, Silicon, Australia, Western Australia

☆ Unusual type of stellar object discovered beaming out radio waves
▼ + stars: | 2023-07-20 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

In those moments, it became the brightest source of radio waves viewable from Earth through radio telescopes, acting like a celestial lighthouse. The object, dubbed GPM J1839−10, released radio waves every 22 minutes. “The object we’ve discovered is spinning way too slowly to produce radio waves — it’s below the death line,” Hurley-Walker said. “Assuming it’s a magnetar, it shouldn’t be possible for this object to produce radio waves. The intense, millisecond-long bursts of radio waves have unknown origins, but magnetars have been pinpointed as a potential cause.

Persons: Tyrone O’Doherty, ”, Natasha Hurley, Walker, Hurley, ” Hurley, it’s Organizations: CNN —, Curtin University, Curtin, International Centre for Radio Astronomy Research, Giant Locations: Australia, Western Australia, South Africa, India, USA

May 31 (Reuters) - Specialized cloud computing provider CoreWeave has raised $200 million in funding from its existing investor Magnetar Capital, highlighting investor interest in backing infrastructure powering the generative AI boom. The funding, which valued the company at more than $2 billion, comes weeks after CoreWeave raised $221 million from investors including Magnetar Capital and Nvidia (NVDA.O). CoreWeave specializes in providing cloud computing services based on graphics processing units (GPUs), the category of chip pioneered by Nvidia that has become central to artificial intelligence (AI) services like OpenAI's ChatGPT. CoreWeave sells computing power to those AI companies, competing with cloud computing service providers such as Microsoft Azure and Amazon's AWS. (MSFT.O), (AMZN.O)CoreWeave aims to stand out by building its data centers differently for AI work, using a networking technology called InfiniBand to link computers together instead of Ethernet cables that are the current standard in most data centers, McBee said.

Persons: CoreWeave, Brannin, McBee, Krystal Hu, Stephen Nellis, Himani Sarkar Organizations: Magnetar, Magnetar Capital, Nvidia, ChatGPT, Microsoft, AWS, Thomson Locations: New York, San Francisco

☆ 5 times scientists thought they'd maybe discovered signs of extraterrestrial life but sadly didn't
▼ + stars: | 2023-02-23 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +7 min

Extraterrestrial life could exist, but mysterious objects in the sky aren't evidence of aliens. Scientists have thought they were close to discovering alien life a few times — none of it via UFOs. As the US discovered a flurry of UFOs — officially called "unidentified anomalous phenomena," or UAPs — in early February, Google searches for "extraterrestrial life" and "are aliens real" spiked. There have been incidents in the past where some researchers thought they'd come close to discovering signs of alien life — or even extraterrestrial intelligence — but none were UFOs. They dubbed the first interstellar object 'Oumuamua, which is a Hawaiian term meaning "a messenger from afar arriving first."

☆ How the smart money got fooled by Sam Bankman-Fried: Here's what happened to 2 hedge funds and a trader.
▼ + stars: | 2022-11-14 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +8 min

3 traders tell what drew them to FTX and how they now have money stuck inside it. Wintermute, a large crypto trading firm, stopped trading on FTX, but still had some funds stuck on the US exchange, CoinDesk reported. The three traders who spoke to Insider all acknowledged having some amount of money stuck inside FTX, despite some pretty sophisticated risk management strategies. FTX's collapse was precipitated when FTX sent billions of dollars to Alameda to cover losses, The Wall Street Journal reported. Bankman-Fried may now face charges for wire fraud, the Wall Street Journal reported this week after talking with securities lawyers about how the US laws might apply.

Search resuls for: "Magnetar"

11 mentions found