Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Nvidia-backed CoreWeave To Acquire AI Developer Platform Ahead of IPO

Cloud computing firm CoreWeave has plans to acquire AI developer platform Weights & Biases as it seeks to bolster its infrastructure offerings in the fast-expanding AI sector. The deal, which is expected to close in the first half of 2025, cost CoreWeave $1.7 billion, according to a report by The Information. Weights & Biases, which in 2023 was valued at $1.25 billion, has become a staple in the AI development community, with researchers and engineers using its tools to manage complex machine learning workflows. By acquiring the company, CoreWeave aims to integrate its cloud computing services with Weights & Biases’ tools, offering a more seamless experience for AI developers. The acquisition comes just days after the cloud computing provider filed for an initial public offering (IPO) on Tuesday, with the company expected to raise $4 billion with a valuation of more than $35 billion. CoreWeave also tapped bitcoin miner Core Scientific (CORZ) to build 500 megawatts (MW) of infrastructure for AI-related purposes. Crypto Potato

---

Investor Chris Burniske Doubles Down on Bitcoin and Crypto, Calls Asset Class Fastest Horse in Finance

Venture capitalist Chris Burniske isn’t backing away from the crypto market despite the sector’s recent price woes. Burniske tells his 325,100 followers on the social media platform X that he thinks the current downtrend is a mid-bull market pullback. He also thinks the cycle top hasn’t arrived yet. “BTC giving up a bit more ground isn’t going to change that view. Selling here is unlikely to be a good idea if you’re wavering – because if you’re selling here, it also tells me you’re prone to get sidelined on the way up. At worst, just sit on your hands, don’t even look at prices if it helps and you’re not going to do anything anyway. If you have any dry powder left, add bits here and there if things look really attractive to you, or when you feel sickest. [Not financial advice], just sharing my two sats. It looks to me like alts led BTC, BTC led equities. Equities might have some more shaking out to do, but remember this: BTC and crypto assets are the fastest horses in finance, to the downside and upside. If equities go soft enough, measures will be taken to avoid any major or systemic weakness, because Trump’s favorite scoreboard is the stock market – and crypto assets will feel those measures most acutely.” BTC is trading at $87,694 at time of writing. The top-ranked crypto asset by market cap is up nearly 1% in the past 24 hours. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Investor Chris Burniske Doubles Down on Bitcoin and Crypto, Calls Asset Class Fastest Horse in Finance appeared first on The Daily Hodl . Crypto Potato