Quick Take: CoreWeave $7.5B Debt Financing to Expand AI Infrastructure
GPU-cloud provider CoreWeave announced a definitive agreement for a $7.5 billion debt financing round. The funds will be used to expand CoreWeave’s high-performance computing infrastructure to meet the demands of existing contracts with enterprise customers and AI innovators.
Microsoft Azure Cobalt 100 Arm-based VMs
At its 2024 Microsoft Build Event this week, Microsoft announced the preview of new Azure Virtual Machines powered by Microsoft’s previously announced in-house-design Arm-based processor, the Cobalt 100
Microsoft New Phi-3 Model Additions
This week at the Microsoft Build 2024 conference, the tech giant announced an exciting set of updates to its Phi-3 family of small, open models. The news includes the introduction of Phi-3-vision, a multimodal model that combines language and vision capabilities, providing developers with powerful tools for generative AI applications.
Quick Take: IBM and Salesforce Strategic Partnership
At IBM Think in Boston this week, IBM and Salesforce announced an expanded strategic partnership integrating IBM’s watsonx AI and Data Platform capabilities with the Salesforce Einstein 1 Platform. This collaboration gives enterprise customers great choice and flexibility in AI and data deployment.