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CoreWeave and Nvidia announced Monday that the AI chipmaker has invested another $2 billion as part of a plan to accelerate the buildout of more than five gigawatts of artificial-intelligence (AI) factories by 2030. That’s on top of its previous $3.3 billion investment. CoreWeave is a cloud computing platform focused on artificial intelligence. According to a release from Nvidia, the chipmaker bought CoreWeave Class A common stock at $87.20 a share, which “reflects it’s confidence in CoreWeaves business, team and growth strategy as a cloud platform built on NVIDIA infrastructure.” The news sent shares of CoreWeave, Inc. (Nasdaq: CRWV) up 12% in Monday morning trading; at the time of this writing, in midday trading, it was trading up over 9%. “Demand for AI continues to grow exponentially and the need for compute has never been greater, the companies said in a joint statement. AI is entering its next frontier and driving the largest infrastructure buildout in human history, Jensen Huang, founder and CEO of Nvidia, added. CoreWeaves deep AI factory expertise, platform software, and unmatched execution velocity are recognized across the industry. Together, were racing to meet extraordinary demand for NVIDIA AI factoriesthe foundation of the AI industrial revolution. The deal does two things: It gives CoreWeave “early access” to Nvidia’s new central processing unit (CPU) and other products; and pits Nvidia up against Intel and Advanced Micro Devices as direct competitors, according to a report from LinkedIn News. Coreweave financials CoreWeave became a publicly traded company in March, debuting on the Nasdaq exchangeafter raising billions, in part from Nvidia, per CNBC. In November, the company reported third-quarter 2025 earnings with revenue beating analyst expectations at $1.36 billion (versus $1.29 billion), but reported negative earnings per share (EPS) of 22 cents. Operating income was also down 56% to $51.9 million. That, in addition to high infrastructure costs, third-party partner delays, and high debt, caused its share price to drop at the time.
Category:
E-Commerce
For weeks, the leaders of Minnesotas most prominent businesses have remained tight-lipped as thousands of ICE agents have flooded the Twin Cities, where those agents have raided residential neighborhoods, detained employees from local businesses, and taken multiple schoolchildren in broad daylight. Now, over the weekend, more than 60 Minnesota-based CEOs finally spoke out against ICE in a brief collective letter. The 200-word letter was released on January 25 by Minnesotas Chamber of Commerce. It came the day after a U.S. Border Patrol officer shot and killed Minneapolis resident and ICU nurse Alex Pretti, and weeks after the death of Minneapolis writer Renee Good, who was fatally shot by an ICE agent on January 7. In the letter, the business leaders call for an immediate deescalation of tensions, and for state, local and federal officials to work together to find real solutions. But, for many Minnesotans, this response is too little, too late. A culture of corporate silence Just a few years ago, it was fairly commonplace for major companies to speak out about social justiceto varying degrees of actual commitment and impact. In the summer of 2020, during President Trumps first term, Minnesota-based companies including General Mills, Target, Best Buy, Cargill, UnitedHealth Group, 3M, and Land OLakes all offered statements in the immediate wake of the murder of George Floyd by Minneapolis police. But now, during Trumps second term, corporate silence has become the norm as companies opt to remain mute on critical issues rather than attracting the Trump administrations ire. Until recently, the above companies have failed to speak up amidst large-scale ICE raids in their home state. Earlier this month, Fast Company writer Joe Berkowitz reached out to all of them regarding ICEs presence in Minneapolis, and received radio silence. Meanwhile, small businesses in the community were actively responding to the situation by condemning ICE and setting up fundraisers for affected residents. Now, though, it seems that major Minnesotan companies finally feel that silence is no longer a viable path forward. Their new letter was signed by CEOs from all of the aforementioned companies, as well as others like Blue Cross and Blue Shield of Minnesota, Mayo Clinic, the Minnesota Vikings, Xcel Energy, and more. “The business community in Minnesota prides itself in providing leadership and solving problems to ensure a strong and vibrant state,” the letter starts. “The recent challenges facing our state have created widespread disruption and tragic loss of life.” It continues, “In this difficult moment for our community, we call for peace and focused cooperation among local, state and federal leaders to achieve a swift and durable solution that enables families, businesses, our employees, and communities across Minnesota to resume our work to build a bright and prosperous future. Notably, the letter never actually references ICE or U.S. Border Patrol by name, and only acknowledges Pretti’s death as “yesterday’s tragic news.” Too little, too late So far, some commenters online have expressed their gratitude to these companies for coming forward. But the overwhelming response has been dominated by people who are incredulous at the statements timingand its lack of direct language. Id argue this isnt even breaking silence, one comment under a post from The Minnesota Star Tribune reads. This statement essentially says nothing. They are just speaking out to avoid criticism. A second comment noted, “It reads with the subtext ‘please lets all calm down so we can make money again’ PASS.” And a third user added, Yall have the resources to do more than write a letter. Pause operations for a week, pay your employees anyway, go to DC and take an actual risk. Small businesses stood 10 toes down and lost revenue on Friday while yall stayed open. Leadership isnt just about bts conversations . . . its also about using your leverage. So use it.
Category:
E-Commerce
The Wienermobiles are coming back for a bite at the Brickyard in May, giving them another chance to relish the spotlight of racing’s biggest weekend. Oscar Mayer announced Sunday all six of its famed street-ready vehicles will compete for the second straight year on Indianapolis Motor Speedway’s historic 2.5-mile oval. The Wienie 500 is scheduled for May 22 during the track’s annual Carburation Day festivities. Last year’s race was such a hit, organizers wanted to give fans a second round to savor the flavor of a light-hearted competition just two days before IndyCar’s marquis race the Indianapolis 500. The presentation will have a familiar look for fans who watched last year’s inaugural race. Each Wienermobile will feature toppings representing an American regional favorite while carrying carry custom decals. Drivers will don Hotdogger racing suits while the iconic Wiener Song plays and the champ drives into wieners circle. Slaw Dog, which represents the Southeast, will try to prove it is beefy enough to defend last year’s crown. Four other regional favorites also are expected to return Chi Dog (Midwest), New York Dog (East), Chili Dog (South) and Seattle Dog (Northwest). But the Sonoran Dog may be replaced after failing to cut the mustard in 2025. Fans can choose the final entrant from a menu of seven possibilities, including the Sonoran Dog, by visiting Instagram in the first Pick Your Dog Wienie 500 bracket. Updates will be provided on the Instagram account or on TikTok. The response to the first Wienie 500 was overwhelming, and we heard the fans loud and clear that they were hungry for more, Kelsey Rice, Oscar Mayer brand communications director said in a statement. This year, were supercharging the experience, delivering an even bigger, bolder and more unforgettable event that puts the fans at the forefront. With amplified engagement, intensified rivalries and more surprises in store, were giving the people what they want an unparalleled live experience that will leave them craving more.
Category:
E-Commerce
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