logo
Career Health Summit: Professor Joseph Fuller

Career Health Summit: Professor Joseph Fuller

CNA3 hours ago
Find out from the Harvard professor why reskilling and upskilling workers is so urgent in today's economy.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Core Scientific's shareholders balk at terms of CoreWeave merger offer, FT reports
Core Scientific's shareholders balk at terms of CoreWeave merger offer, FT reports

CNA

timean hour ago

  • CNA

Core Scientific's shareholders balk at terms of CoreWeave merger offer, FT reports

CoreWeave's proposed $9 billion acquisition of data centre landlord Core Scientific is facing potential revolt, as some top shareholders of the target firm argue the deal may leave them short-changed, the Financial Times reported. Some major Core Scientific shareholders plan to vote against the deal unless the terms are revised in the coming weeks, the report said on Tuesday, citing people familiar with the matter. Reuters could not immediately verify the report. CoreWeave and Core Scientific did not immediately respond to Reuters request for a comment outside regular business hours. The shareholder vote for Core Scientific has not yet been scheduled but is expected to take place sometime this autumn, the report said. The all-stock deal, valued at about $9 billion and announced last month, highlights the race among AI infrastructure firms to secure the energy and data center capacity required to meet surging demand. CoreWeave, which provides access to data centers and Nvidia-powered AI chips, initially submitted an unsolicited, non-binding takeover offer to Core Scientific in June 2024. However, the company rejected the offer, citing that its business was significantly undervalued.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store