You're tuned in to Tech Beat, and here's what's moving in tech today.
CoreWeave posted a one hundred sixty eight percent jump in revenue, sending its shares surging and lifting Nvidia and other AI stocks along with it. The numbers are reassuring investors that demand for AI infrastructure is real, but the cost of building that infrastructure remains staggering, and the bill keeps growing.
Speaking of Nvidia, its CEO Jensen Huang is facing serious scrutiny tonight. The New York Times, citing five anonymous sources inside the company, reports that Huang had a relationship with Kimberly Powell, a direct report who led Nvidia's healthcare division. This comes on top of a previously reported relationship with a woman U.S. intelligence believes was working on behalf of China. The board's response, or lack of one, is now very much the story.
Meanwhile, Anthropic is spending three point four billion dollars on natural gas turbines from Caterpillar to secure one point seven gigawatts of its own power supply. It's a striking signal about how severe America's electricity shortage has become. AI companies are no longer waiting for the grid — they're building around it entirely.
That's the state of play today. Keep surfing. Tech Beat out.
