Nvidia CEO dismisses concerns about CoreWeave’s financial health as default risk rises
Jensen Huang told Bloomberg in Stockholm that CoreWeave’s cost of capital is decreasing and that Nvidia does not need to backstop the company. On the same day, credit markets priced a better than 60% chance that CoreWeave defaults within five years.
» readBank of America spent over $100 million and hired 1,000 contractors to fix bugs found by Anthropic’s AI tool Mythos
Bank of America was forced to hire 1,000 contractors and spend more than $100 million to fix bugs discovered by Mythos, a generative AI model developed by Anthropic.
» readGoogle launches Universal Cart in US with no mention of EU expansion
The Universal Cart was introduced by Google in the United States on Wednesday as a shopping feature integrated into Search and the Gemini app. It allows users to collect products from multiple retailers and complete payment through Google Pay.
» readMicrosoft leads global takedown of phishing network that sent over a billion messages
A global operation led by Microsoft has dismantled a large-scale phishing network responsible for sending more than one billion fraudulent messages. The network was described as part of a much larger transnational cybercriminal operation.
» readMicrosoft Claims Windows 11 Is Up to 20% More Responsive, but Test Shows No Improvement on 8GB PCs
Microsoft has announced that months of work have made Windows 11 up to 20% more responsive, with better memory management said to make a meaningful difference on PCs with 8GB of RAM.
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