New Jersey-based cloud-computing startup CoreWeave has reached an agreement to acquire crypto miner Core Scientific in a vertical integration move that will see the AI infrastructure provider gain access to more than 1 gigawatt of U.S. data center capacity with an incremental 1 gigawatt of power available for expansion. The all-stock transaction, valued at $9 billion, is expected to close in Q4 pending regulatory approval. According to CoreWeave, the purchase will eliminate some $10 billion in upcoming lease fees, saving around $500 million annually starting in 2027 and helping to “future-proof” the company. Continue reading AI Provider CoreWeave to Acquire Core Scientific for $9 Billion

HP says it will offer computers to corporate clients for a fixed monthly fee, freeing them from having to make huge upfront outlays for hardware. Unlike standard computer rentals, however, HP will also offer software to manage the hardware, to make sure users have enough processing power and storage and to keep an eye on whether the devices are deployed as efficiently as possible. That includes making sure users do not have more sophisticated hardware or software than necessary for the task at hand. Continue reading HP Offers PCs and Software as a Service to Corporate Clients