Aug 4, 2026
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.