Company
Newcomer is a newsletter and media outlet covering venture capital, startups and the tech industry, founded by journalist Eric Newcomer.
CoreWeave's bonds yielded 15% on Thursday, nine points above the roughly 6% Newcomer says its model needs. Firmus pulled its $30 billion IPO after investors balked. Newcomer calls the $35 billion Nscale filing shaky.
Reality
OpenAI's annual recurring revenue is roughly $20bn below the widely cited $70bn figure, the Financial Times reported. The shortfall largely reflects whether revenue is counted gross or net, which leaves the two companies' headline numbers hard to compare.
Reality
Newcomer reports Middle East oil exports are down by half or more, with only Qatar pulling back from AI so far. Rising rates and talk of armouring data centres raise the cost of what is still being built.
Reality
Newcomer argues Silicon Valley now has no leader who commands cross-industry respect, but the evidence it offers is one line about a G20 ministerial and a retiring CEO the same piece faults for going quiet.
Reality
Who absorbs the cost when an agent buys the wrong thing is still unsettled, and that leaves retailers deciding how far to integrate agent traffic before the price of an error is known. The funding is moving anyway.
Reality
Buy a non-exclusive licence, hire the engineers, take a stake, leave the company standing. Nvidia has now done a version of this with Groq, Enfabrica and Poolside.
Reality