AI cloud GPUs and bespoke chip-management software provider
The SpaceX IPO has launched, commanding a multi-trillion-dollar market cap and drawing investor attention to AI-focused stocks like Anthropic and OpenAI. Analysts warn about overvaluation and the risk of market concentration as new supply floods the tech sector.
Meta is pursuing a new cloud business to sell excess AI compute power and access to AI models. The move could generate revenue from its data-center footprint and compete with AWS, Google Cloud and Microsoft Azure. The plan has sparked immediate stock in the market but faces questions about ROI given Meta’s heavy capex.