Ciente > Blog > News

CoreWeave Strikes an Agreement with NVIDIA for Unused Cloud Computing Capacity

Category: News

CoreWeave Strikes an Agreement with NVIDIA for Unused Cloud Computing Capacity
News

CoreWeave Strikes an Agreement with NVIDIA for Unused Cloud Computing Capacity

CoreWeave Strikes an Agreement with NVIDIA for Unused Cloud Computing Capacity

Will CoreWeave’s latest ascent and Nvidia-partnership prove an opportunity to play for the major leagues, or will it turn into a one-hit wonder?

CoreWeave’s stocks have soared over 20% in the last week. A key contributor to this shift is its recent partnership with Nvidia.

Nvidia can purchase CoreWeave’s unutilized cloud capacity through 2032 as per the initial $6.3 billion agreement. In alternative terms, the leading chip maker is obligated to buy CoreWeave’s unsold cloud computing space if its data centers remain underutilized by its customers.

The alliance has set the shares of the cloud platform soaring.   

Speculations divulge that the AI infrastructure company could witness gains due to its contracts with major tech players. And after it unlocks the shell capacity shrouded from the customers.

The surging demand for AI infrastructure remains at the nucleus. It’s obvious, but citing it remains fundamental to the market push and pull. The recent contractual announcements have been solid proof of the insatiable demand. This is where CoreWeave stands, at the very center.

The demand is fueling the cloud company’s shares, which have been consistently rising 7% during intraday trading since Monday. And has even gained 200% after going public this year.

Industry checks actively position CoreWeave as the frontrunner in delivering GPU capacity at scale. And Deutsche Bank seems to be its major supporter at the moment as it adds the company to its Catalyst Call Buy Idea List.

The bank confidently signs off, stating that CoreWeave will experience an upward revision in its revenue, at least by 174%, data analysts assert.

But will CoreWeave’s instant surge be able to make up for the loss it has been witnessing, a net loss of $1.1 billion over the last 12 months?

The huge AI contracts may propel it forward and establish it as a key participant in AI initiatives- a part of the major leagues.  But could it become profitable in the long term and play neck to neck with its rival, Nebius?

StarHub Launches Dynamic Ad Pods to Improve Real-time Ad Experiences
News

StarHub Launches Dynamic Ad Pods to Improve Real-time Ad Experiences

StarHub Launches Dynamic Ad Pods to Improve Real-time Ad Experiences

StarHub’s forward-thinking approach is a strategic step to maximize the outcome from ads, while making TV time enjoyable again.

Digital advertising has taken a significant leap from traditional advertising, which follows a one-size-fits-all approach. The lackluster promises etched on flashy graphics aren’t as effective today.

As modern consumers grow increasingly informed and aware of the market, they want change. They wish for-

Hyper-personalized experiences that resonate with their personal interests and preferences.

This is where digital advertising made a pivot to programmatic advertising. And it’s fair to say that the domain is still innovating.

In recent developments, we’ve developed Singapore’s first-ever solution that changes ads in real-time during live TV broadcasts.

How is it different?

Most connected TV ads run on demand or before broadcasts. But these were unnecessarily disruptive and repetitive. StarHub sought to do something unique, and revolutionize TV advertising.

In partnership with Hoppr, the Singapore-based company has built dynamic ad pods. These will unlock a great deal of opportunities for advertisers to provide relatively more relevant and intelligent experiences to the viewers without disrupting their live program experiences.

How does it work?

It’ll draw on 175 million hours of viewing data insights through StarHub’s advanced CTV Server-Side Ad Insertion (SSAI) technology. In other words, two neighbouring households watching the same live program will be able to see two different ads based on the household’s interests.

Moreover, Dynamic Break Matching ascertains that the viewing experience is less disruptive and the ads fit in naturally. To ensure this, dynamic ad pods are available in diverse formats, such as pre-roll and mid-roll, to be delivered during high-engagement moments. All while retaining the energy from the entertainment program.  

This is a fascinating feat for digital advertising as it’ll help reduce media waste and improve performance measurement in the long run.

StarHub’s solution isn’t just a tool. It’s an innovative leap for digital ads, one that combines the power of TV storytelling and the precision of digital media to develop a more connected customer journey.

RingCentral has acquired CommunityWFM.
News

RingCentral has acquired CommunityWFM.

RingCentral has acquired CommunityWFM.

RingCentral, a global leader in AI-powered business communications, has just acquired CommunityWFM.

This acquisition comes at the right time in tech history as demand for AI-powered WFM has risen sharply. As hybrid and remote workforces become the norm, organizations have been able to extract talent from around the globe.

However, managing them is quite different. With this move, RingCentral tackles two facets and enables global workforce management.

These are:

  1. Strengthen their global business communications.
  2. Use their AI capabilities to improve CommunityWFM’s contact centers.

RingCentral has tried to enter the CC-a-a-S but couldn’t because of a native WFM system. This acquisition will help them bridge this gap.

“By providing CommunityWFM’s AI-driven workforce management capabilities together with our AI-first RingCX platform, we’re giving businesses the complete set of tools to optimize operations while empowering their people—creating the foundation for superior agent performance and effortless customer experiences.” — Kira Makagon, President & COO, RingCentral.

This quote makes it clear that RingCentral wants to become a one-stop shop for businesses looking to optimize operations. Mix AI-Powered systems in this, and you get a powerful tool that can empower businesses.

The Benefits?

  1. Operations and leadership can benefit from better forecasting, less manual work, and better real-time adjustments in schedules.
  2. Customer experience (CX) may improve as staffing better matches demand (reduced wait times, fewer dropped calls, etc.).

But what are the things to watch out for?

  1. How RingCentral integrates CommunityWFM: technology, UI/UX changes, rollout timelines.
  2. Whether pricing tiers or feature bundles change over time.
  3. How competitors respond ‒ will other CCaaS / UCaaS vendors accelerate building/acquiring WFM?
  4. Feedback from actual users/employees: Does the promised benefit hold up in real usage?

As the global workforce transforms, RingCentral will find itself leading the pack. However, as with all things tech, only time will tell.

Oracle's 23% Shares Jump Could Trigger a Tsunami on the Wall Street.
News

Oracle’s 23% Shares Jump Could Trigger a Tsunami on the Wall Street.

Oracle’s 23% Shares Jump Could Trigger a Tsunami on the Wall Street.

Could Larry Ellison, the co-founder of Oracle, challenge Elon Musk for the title of the wealthiest man after Oracle’s share jump?

The AI cloud business is skyrocketing, and it has no intentions of slowing down. The global increase in cloud demand has triggered a need for cloud infrastructure. That’s quite obvious.

And amidst this demand, Oracle has bagged not just one, but four multi-billion-dollar deals with three customers in the first quarter. Even OpenAI has agreed to purchase computing capacity from Oracle over the next five years.

This feat has triggered the company to reach a valuation of $1 billion.

Consequently, the rapidly increasing cloud demand has shifted the tech company’s own forecast from a 70% cloud growth to 77%. In line with this, Oracle is also predicted to complete sales worth $18 billion by the end of 2025. This could total its sales for the next four years to $144 billion.

This has kick-started a domino effect.

Oracle’s announcement of these massive cloud deals and sales forecast influenced its shares to soar 23%- a 12% growth in revenue totaling $14.93 billion. Its stocks have gained tremendous momentum, outpacing even the Magnificent Seven stocks.

But this rally had another significant impact-

Its market value leaped from $234 billion to approximately $913 billion. But its Chairman and co-founder, Ellison, witnessed his net worth rise by $100 billion to over $392.6 billion. With Musk’s net worth currently at $439.9 billion, it was a close call. And at one point, Ellison was ahead, too. However, as the market closed on Wednesday, Musk regained his leading position.

Where’s Oracle headed?

According to stakeholders, Oracle is gearing up to play a central role in similar massive deals with Microsoft, Amazon, and Google. Additionally, its role in OpenAI’s Stargate Project and partnership with Softbank will only offer a substantial boost.

As investors and business leaders continue to bet heavily on AI infrastructure, it’s expected that Oracle’s RPO will even surpass $500 billion. It’s created a ripple effect on the already rekindled AI boom.

Oracle is riding the waves of AI demand. And its multi-cloud revenue is only expected to touch new heights.

Making ChatGPT Safer: OpenAI Launches Parental Controls
News

Making ChatGPT Safer: OpenAI Launches Parental Controls

Making ChatGPT Safer: OpenAI Launches Parental Controls

The tragic passing of the 16-year-old Adam Raine struck the American Nation, allegedly enabled by a tech that promises a better hope for humanity.

In response to the tragedy, OpenAI has launched a suite of controls to present a better environment for its users. And one of the major ones is the parental controls- this will let parents have more control over their children’s AI usage.

  1. They will be able to link their accounts to their children’s.
  2. Set guidelines and behavioral rules, or disable features like chat memory and history.
  3. Notifications when their teens express “acute distress”.

However, the organization has taken another step forward to ensure that all its users get the help they need and deserve, especially if they are under duress. OpenAI has partnered up with physicians and mental health experts across the world to undertake this task.

The organization has created a council of experts in youth development, mental health, and human-computer interaction.

However, the truth is, AI systems will shape how future generations think. If the tech becomes smarter, faster, and wiser (will it?), many will seek its advice in professional and personal affairs.

The question is: will this help people grow or create an unforeseen web of emotional problems?

CoreWeave stock is back on the rise after it announced an AI venture fund.
News

CoreWeave stock is back on the rise after it announced an AI venture fund.

CoreWeave stock is back on the rise after it announced an AI venture fund.

One of the most fascinating aspects of the AI boom is its impact on nearly every sector; some took a hit while others flourished.

Coreweave is an organization that has flourished thanks to AI. Since its inception as Atlantic Crypto in 2017, the organization has found its way into the AI race. Now selling GPU infrastructure tailored to run AI/ML systems.

This does not seem to be sheer luck, as Coreweave’s management has pulled another strategic maneuver: Its AI-venture fund. And the positioning is brilliant-

Early-stage companies get access to funds and computing power on par with Nvidia (something that takes months or years of waiting lists to get into)

But the real kicker is this: after the announcement, Coreweave’s stock increased 9%, which comes after a rocky couple of weeks.

The future of AI might be uncertain or slow for now, but the investments seem to be paying off exactly how investors intended, exponentially.

If Coreweave’s competitor, Nebius’ multi-billion dollar deal with Microsoft, has anything to say, organizations that support AI are looking at a wild and unpredictable future, but one with immense growth and capital potential.