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DigitalOcean has acquired GPU cloud specialist Paperspace for $111 million, aiming to bolster its offerings for AI and machine learning workloads amid surging demand. The deal positions the developer-friendly cloud provider as a nimble challenger in the high-performance computing arena dominated by
Canadian AI startup Cohere announced a $500 million funding round, achieving a $5.5 billion post-money valuation. Led by Cisco Investments, the investment highlights robust demand for enterprise-grade AI solutions amid a competitive landscape.
The US Consumer Price Index rose just 3.0% year-over-year in June, down sharply from 4.0% in May and marking the lowest level in nearly three years. This cooler-than-expected inflation reading fueled market optimism for potential Federal Reserve rate cuts later this year.
Ethereum's highly anticipated Shapella upgrade activated on April 12, enabling staked ETH holders to withdraw their funds for the first time since staking began. The upgrade marks a pivotal moment for the network's proof-of-stake transition, potentially influencing market dynamics.
Datadog's second-quarter earnings showcased explosive growth, with revenue soaring 73% year-over-year to $545.7 million, driven by surging demand for cloud observability tools. The company raised its full-year outlook, signaling confidence in sustained enterprise adoption amid digital transformation
