AI cloud Provider CoreWeave files for IPO at $35B valuation 

CoreWeave, a cloud provider specializing in Nvidia GPUs for AI workloads, has filed for an IPO on Nasdaq under the ticker "CRWV," targeting a valuation of over $35 billion. The company’s revenue surged 700% in 2024 to $1.92 billion, but it also recorded a net loss of $863.4 million and has nearly $8 billion in debt. Microsoft is its largest client, accounting for 62% of revenue.

Originally founded as Atlantic Crypto in 2017 for Ethereum mining, CoreWeave pivoted to AI infrastructure, securing major contracts with Meta, Microsoft, and IBM. It now operates 32 data centers with over 250,000 Nvidia GPUs.

The IPO, led by Morgan Stanley, J.P. Morgan, and Goldman Sachs, is expected to raise over $3 billion. Nvidia holds a 6% stake in CoreWeave, with other major investors including Magnetar and Fidelity. The funds will be used for working capital and debt repayment.

CoreWeave’s listing, expected to reach a valuation exceeding $35 billion, could set the stage for other AI-focused IPOs amid growing demand for AI infrastructure.

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Anthropic secures $3.5B series E at $61.5B Valuation

Anthropic has raised $3.5 billion in a Series E funding round led by Lightspeed Venture Partners, reaching a post-money valuation of $61.5 billion. Other investors include Bessemer Venture Partners, Fidelity, Jane Street, Salesforce Ventures, and Cisco. The funding will support Anthropic’s development of next-gen AI systems, computing capacity expansion, and research in AI safety and alignment, as well as its international growth.

The company’s AI chatbot, Claude, continues to gain traction, with businesses like Zoom, Snowflake, and Pfizer integrating it into their operations. Recent product launches, including Claude 3.7 Sonnet and Claude Code, have strengthened Anthropic’s presence in AI-assisted coding and enterprise solutions.

Anthropic's revenue has grown 30% this year, with an annual run rate of over $1 billion. Originally founded by former OpenAI employees in 2021, the company has positioned itself as a safety-conscious alternative in the AI space. The oversubscribed funding round reflects strong investor confidence, even as OpenAI pursues a $300 billion valuation. Anthropic plans to use the capital to expand in Asia and Europe and compete more aggressively in the AI sector.

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Firecrawl converts websites into LLM ready markdown 

Firecrawl is an API service that converts entire websites into LLM-ready markdown or structured data by crawling all accessible subpages—no sitemap required. It offers a hosted API and self-hosting options, supporting various SDKs (Python, Node, Go, Rust) and integrations with LLM frameworks like Langchain, Llama Index, and low-code platforms like Dify and Pipedream.

Key features include scraping, crawling, site mapping, and structured data extraction with AI. Firecrawl handles proxies, anti-bot mechanisms, dynamic content, and media parsing (PDFs, DOCX, images). Users can customize crawling parameters, perform actions like clicks and scrolling before extraction, and batch process thousands of URLs asynchronously.

To use Firecrawl, users must sign up for an API key. The tool is designed for reliability, ensuring clean and accurate data extraction for AI applications.

Link to repo

Microsoft Dragon Copilot AI Assistant for Healthcare

Microsoft has announced Dragon Copilot, an AI-powered voice assistant for healthcare that integrates speech dictation and ambient listening to streamline clinical documentation, surface medical information, and automate tasks. Built on Microsoft Cloud for Healthcare, Dragon Copilot aims to reduce clinician burnout and improve patient experiences by minimizing administrative burdens.

Key features include:

• Streamlined documentation: Multilanguage ambient note creation, natural language dictation, AI-powered templates, and speech memos.

• Information retrieval: AI-assisted searches for medical content.

• Task automation: Generating summaries, referral letters, and orders in electronic health records (EHRs).

Microsoft highlights that clinicians using Nuance technology (which powers Dragon Copilot) reported reduced burnout and increased efficiency, with 93% of patients experiencing improved care. The AI system is designed with healthcare-specific safeguards and responsible AI principles to ensure accuracy and security.