Sep 17, 2026
Groq has raised $350 million to fund its transition from AI chipmaker to neocloud provider offering GPU and AI infrastructure services. The funding comes as the neocloud sector expands with companies like CoreWeave, Nebius, Lambda, and Crusoe competing in the AI infrastructure market.
Defense contractor Leidos and AI infrastructure provider CoreWeave announced a partnership to develop secure artificial intelligence technology specifically for the U.S. Intelligence Community and Department of Defense.
AI cloud infrastructure provider CoreWeave reported Q1 2026 revenue of $2.08 billion, up 112% year-over-year, but net losses more than doubled as the company invested heavily in expanding its GPU infrastructure.
Bitcoin miner Core Scientific announced plans for a $3.3 billion speculative-grade debt offering to refinance short-term debt and scale AI data center infrastructure, with six facilities leased to CoreWeave expected to generate $10 billion in revenue.