AI cloud
Coverage of AI cloud in the Nexus archive.
- Anthropic signs $10B deal with AI cloud startup Volta
Anthropic has signed a $10 billion deal with AI cloud startup Volta, marking its latest move in a recent cloud partnership spree.
- Nebius stock surged after Nvidia disclosed a 9.3% stake in the AI cloud company
Nebius stock rose 7% in premarket trading after a filing revealed Nvidia holds a 9.3% stake in the AI cloud company, equivalent to 22.26 million shares.
- Baidu says AI now primary business driver despite 2% drop in first-quarter revenue
Baidu's AI-related businesses became its primary revenue driver in Q1, growing 49% year-on-year to 13.6 billion yuan despite a 2% overall revenue decline. AI cloud, AI applications, and AI marketing services now account for more than half of the company's general business revenue.
- Benchmark calls Bitdeer ‘comparatively inexpensive’ as it reiterates $27 price target for BTDR shares
Bitdeer's AI cloud ARR reached $43 million as of end-March, a 105% jump month-over-month, and Benchmark reiterates a $27 price target for BTDR shares, calling Bitdeer 'comparatively inexpensive'. Bitdeer's self-mining hashrate continues to grow. The significant increase in ARR is a notable development for the company.
- IREN Price Target Cut as Bernstein Sees Firm Dumping Bitcoin Mining for AI
Bernstein analysts have downgraded IREN's price target, anticipating a complete exit from Bitcoin mining in favor of significant growth in AI cloud services in the coming years.