AI cloud provider CoreWeave files for IPO

CoreWeave, a provider of cloud-based Nvidia processors to companies including Meta and Microsoft, is headed for the public market. In its IPO prospectus on Monday, CoreWeave said revenue in 2024 soared more than 700% to $1.92 billion. The company recorded a net loss of $863.4 million. In 2024, around 77% of revenue came from two customers, with 62% the total flowing from […]

Microsoft resolves global outage that left tens of thousands unable to access email and other apps

Microsoft said Saturday evening that service was restored following an outage that left tens of thousands of users unable to access their Outlook email accounts and other programs. “We’re investigating an issue in which users may be unable to access Outlook features and services,” Microsoft 365 Status, the official Microsoft account for 365 service incidents, […]