CoreWeave’s stock debuted on Nasdaq at $39 and closed at $40, below the expected range, after raising $1.5 billion in its share sale, making it the largest tech IPO in the U.S. since 2021. The company, a supplier of AI technology in the cloud, faces competition from major cloud vendors like Microsoft, Amazon, Google, and Oracle, with Microsoft being its biggest customer. Despite a net loss of $863 million last year, CoreWeave reported a revenue increase of 737%, reflecting the capital-intensive nature of its business due to high data center costs.
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St Johns Rd homicide: Court appearance for youth, 16, charged with murder, woman, 32, also arrested
A 16-year-old appeared in court charged with aggravated robbery and murder after the death of Kyle Whorrall. Whorrall, a 33-year-old PhD student, was attacked at an Auckland bus stop. A 32-year-old North Shore woman has also been charged with being an accessory after the fact to murder. The teenager accused of murdering 33-year-old American entomology student Kyle Whorrall has been remanded in custody. He appeared in the Auckland District Court today charged with aggravated robbery...
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