CoreWeave and Meta have reached a new agreement to provide AI cloud capacity through 2032, with a transaction value of approximately $21 billion. This agreement is built on the prior $14 billion partnership, and the added capacity will include the first deployments of NVIDIA Vera Rubin platform.

Gate News message, April 9, Meta Platforms (META.O) pledged an additional $21 billion in investment to AI infrastructure company CoreWeave.

Gate News message, April 9, Meta launched its new AI model Muse Spark on April 8. The model was developed by Meta’s superintelligent lab, and is led by Alexandr Wang, former CEO of Scale AI. Meta says that the new model has achieved near prior results with fewer compute resources by redesigning the AI infrastructure.

Meta released its AI foundation model Muse Spark on April 8, the first in the Muse series, using multimodal reasoning technology and supporting tool use and multi-agent orchestration. It has already gone live in the Meta AI app, and is providing a private preview to select partners; it may be open-sourced in the future.

SpaceX has raised its target valuation for its first public offering (IPO) to $200 billion, exceeding most S&P 500 companies. The company plans to meet with potential investors in the coming weeks to share information supporting that valuation.

Gate News update: On April 1, according to 8marketcap data, Bitcoin (BTC)’s current market cap is approximately $1.37 trillion. In the global asset market cap ranking, it ranks 14th, down 2 places from before. Meta Platforms (Facebook) ranks 12th with approximately $1.447 trillion in market cap; Tesla ranks 13th with approximately $1.394 trillion—both have surpassed Bitcoin.

Gate News message, April 1, bolstered by a significant cooldown in U.S.-Iran geopolitical risk, U.S. equities’ tech seven giants (Meta, Nvidia, Google, Tesla, Amazon, Microsoft, Apple) all rebounded across the board today. Among them, Meta and Nvidia led the gains with 6.67% and 5.59%, respectively, while Google, Tesla, Amazon, Microsoft, and Apple rose in tandem by 2.9% to 5.14%, respectively. The easing of the geopolitical situation effectively lowered the global risk premium, prompting capital to flow back into high-beta growth assets.

This week, U.S. stocks fell across the board, with the S&P 500, Nasdaq, and Dow Jones indices all setting records for the longest five-week losing streak since 2022, and the market value of tech stocks shrinking by $870 billion. Meta plummeted approximately 12% due to a double blow from lawsuits and layoffs, with over half of the overall market entering a technical bear market.

Ark Invest, owned by Cathie Wood, conducted a large-scale selloff of tech stocks and crypto assets on March 27, including selling about $41 million worth of Meta and $26 million worth of Nvidia stock, while also reducing its holdings in its own Bitcoin ETF and shares in multiple crypto companies.