Connect with us

Technology

CoreWeave Announces Pricing of Initial Public Offering

Published

on

LIVINGSTON, N.J., March 27, 2025 /PRNewswire/ — CoreWeave, Inc. (“CoreWeave”),  the AI Hyperscaler™, announced today the pricing of its initial public offering of 37,500,000 shares of its Class A common stock at a public offering price of $40.00 per share. The offering consists of 36,590,000 shares of Class A common stock to be sold by CoreWeave and 910,000 shares of Class A common stock to be sold by existing stockholders (the “Selling Stockholders”). CoreWeave will not receive any proceeds from the sale of shares of Class A common stock by the Selling Stockholders.

The shares are expected to begin trading on the Nasdaq Global Select Market on March 28, 2025 under the ticker symbol “CRWV.” The offering is expected to close on March 31, 2025, subject to the satisfaction of customary closing conditions.

In addition, CoreWeave has granted the underwriters a 30-day option to purchase up to an additional 5,625,000 shares of Class A common stock to cover over-allotments at the initial public offering price, less underwriting discounts and commissions. 

Morgan Stanley, J.P. Morgan, and Goldman Sachs & Co. LLC are acting as joint lead bookrunners for the offering. Barclays, Citigroup, MUFG, Deutsche Bank Securities, Jefferies, Mizuho, Wells Fargo Securities, and BofA Securities are acting as joint bookrunners for the offering. Guggenheim Securities, M. Klein & Company, Macquarie Capital, Needham & Company, Santander, Stifel, and Galaxy Digital Partners LLC are acting as co-managers for the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on March 27, 2025. The offering is being made only by means of a prospectus. A copy of the final prospectus may be obtained, when available, from: Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or email: prospectus-eq_fi@jpmchase.com; or Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282 or by emailing prospectus-ny@ny.email.gs.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About CoreWeave, Inc.

CoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company’s technology provides enterprises and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers across the US and Europe.

Media Contact:

Colleen Hsia, press@coreweave.com

View original content:https://www.prnewswire.com/news-releases/coreweave-announces-pricing-of-initial-public-offering-302413879.html

SOURCE CoreWeave

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Tiger Brokers Unveils Enhanced TigerGPT in Hong Kong: Integrates DeepSeek, Ushering in a New Era of Intelligent Analysis

Published

on

By

HONG KONG, March 31, 2025 /PRNewswire/ — Tiger Brokers (NASDAQ: TIGR), a leading online brokerage firm, announces the comprehensive upgrade of Tiger Trade’s all-in-one AI analysis assistant, TigerGPT, now integrated with the DeepSeek-R1 model. The upgraded TigerGPT, having successfully completed the review process by Securities and Futures Commission (SFC), was officially launched for unlimited free use to users in Hong Kong on March 26, 2025.

This upgrade incorporates DeepSeek’s online chatbot capabilities, reflecting Tiger Brokers’ commitment to innovation in the AI-driven investment sector. It aims to provide Hong Kong investors with a smarter and more efficient analytical experience, enabling them to seize opportunities in the fast-evolving global market.

Enhancing user experience with DeepSeek-powered intelligent analysis

Since its launch, TigerGPT has leveraged advanced AI technology and Tiger Brokers’ extensive financial data resources to deliver efficient and precise market insights to investors. With the integration of the DeepSeek-R1 model, TigerGPT’s logical reasoning capabilities have achieved a significant breakthrough. Coupled with an expanded and optimized database, it empowers Hong Kong investors to comprehensively track market trends across Hong Kong SAR, the US, and global markets, accurately identify potential opportunities, and enhance decision-making efficiency.

The upgraded TigerGPT strengthens two core capabilities, elevating the intelligent analysis experience for Hong Kong investors:

Advanced logical reasoning: Leveraging DeepSeek-R1’s robust chain-of-thought reasoning, TigerGPT conducts multi-step logical analysis on trending stocks, covering aspects such as price movement interpretation and fundamental analysis to thoroughly dissect complex investment challenges. For instance, when a user inquires about stock fluctuations, TigerGPT swiftly integrates multidimensional data — market data, stock information, technical trends, market sentiment — offering clear reasoning and transparent analytical foundations. It also proactively refines keywords based on search results and retrieves additional relevant data, ensuring comprehensive and accurate outcomes to assist investors in making precise market assessments.Financial data integration: TigerGPT seamlessly integrates with Tiger Brokers’ extensive financial database, accurately extracting key insights from vast amounts of financial news, product data, and investment research content. This allows investors to access comprehensive financial support on a single platform. Whether it’s real-time market dynamics or the latest in-depth research reports, users can efficiently access information through TigerGPT, significantly improving analytical efficiency and ensuring that every investment decision is built on a solid and reliable data foundation.

Tianhua Wu, Founder and CEO of Tiger Brokers, stated: “As an international financial hub, Hong Kong’s investors have always demanded sharp market insights and professional expertise. By integrating DeepSeek’s cutting-edge technology into TigerGPT, we have significantly enhanced its logical analysis and reasoning capabilities, enabling investors to more accurately interpret market trends and uncover potential opportunities. With Tiger’s unique financial data support, both novice investors and experienced professionals can gain in-depth, practical analytical insights through TigerGPT, allowing them to make making wiser decisions in complex and ever-changing markets to achieve long-term, stable investment value.”

Technology Empowers Investing, Building User Trust

The upgraded version of TigerGPT is available for free to user in Hong Kong, offering unlimited access. As an Internet brokerage platform actively leveraging large language models for US and Hong Kong stocks, Tiger Brokers remains at the forefront of AI innovation in financial services, continuously exploring AI applications in market services and optimizing the digital experience for user on the platform.

Since its launch in 2023, TigerGPT has consistently integrated world-leading AI technology and the latest financial data. In just over a year, it has attracted 112,000 users worldwide, completed over 1.17 million conversations, with weekly conversations surpassing 18,000*, establishing itself as a trusted intelligent analysis tool for many users.

Looking ahead, Tiger Brokers will continue to refine its AI analytical capabilities, with plans to introduce an AI Agent expert-level analytical assistant and explore additional AI applications in investment scenarios. The goal is to provide investors with a smarter, more personalized, and professional wealth management service experience.

Please note that the information provided by TigerGPT is for reference only and should not be treated as financial advice. Tiger Brokers shall not be liable in any way in connection with the use of TigerGPT. TigerGPT does not provide any recommendation, all information provided is from the open data source.

*Data sourced from internal company statistics

About Tiger Brokers (HK)

Tiger Brokers (HK) Global Limited (Central number: BMU940) holds type 1, 2, 4, 5 and 9 licenses of the Securities and Futures Commission. Starting from November 30, 2022, with Tiger Trade, Tiger Brokers’ flagship app, Hong Kong users can trade financial products from major markets around the world, such as Hong Kong stocks, warrants, options, US stocks, US fractional shares and ETFs, among others, providing a one-stop solution to their investment needs. In the future, we will continue to expand our trading markets and categories to better serve Hong Kong investors.

About Tiger Brokers

Tiger Brokers (Nasdaq: TIGR), founded in 2014, is a leading online brokerage group with a focus on redefining global investing with technologies for the next generation.

Since our inception, the Company has relentlessly offered a superior user experience to let everyone enjoy efficient and smart global investing, by bringing a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education in our pursuit of becoming a world-leading online brokerage group.

We strive to elevate financial technology R&D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure — an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.

Currently, we serve over 10 million users and over 2 million account holders worldwide on our flagship platform “Tiger Trade”, own 77 licenses and qualifications in different markets, and have over 1,000 employees on the team in Hong Kong SAR, Singapore, New Zealand, the US, Australia, and Mainland China. In 2019, the Company was listed on Nasdaq as UP Fintech Holding Limited under the ticker TIGR.         

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/tiger-brokers-unveils-enhanced-tigergpt-in-hong-kong-integrates-deepseek-ushering-in-a-new-era-of-intelligent-analysis-302415460.html

SOURCE Tiger Brokers (HK) Global Limited

Continue Reading

Technology

Where Rugged Adventure Meets Urban Sophistication: Meet the New Era of Lite Off-Road SUV – JETOUR T1

Published

on

By

WUHU, China, March 31, 2025 /PRNewswire/ — As global camping culture goes mainstream, a new breed of vehicles is emerging – ones that conquer weekend trails without compromising weekday commutes. Enter the JETOUR T1: a gateway between urban exploration and off-road adventures.

JETOUR Seizes Market Opportunities

According to the Global Camping Report by The Global Business Research Company, this market is expected to grow by over 45% by 2026. As a pioneer in this field, the JETOUR T1 quickly turned heads with its unique boxy design.

Rugged Design: Urban Style Sensation

The T1, with its rugged aesthetic design inheriting iconic elements from the JETOUR off-road series, balances rugged body lines with traditional SUV elegance.

It offers six exterior color options and three interior design choices for personalized customization. The four-leaf clover-shaped headlights and petal-style wheel hubs enhance its visual impact and highlight its refinement. The JETOUR T1’s distinctive design blends harmoniously with both urban and off-road environments, whether driving busy city streets or exploring off-road landscapes.

Tech Cabin: Interior Comfort Upgrade

The JETOUR T1 excels in interior design with a rugged dashboard that complements its robust exterior. Its 15.6-inch central touchscreen, powered by the 8155 chip, enhances the high-tech ambiance and ensures smooth operation. The use of double-layer soundproof glass and 79 advanced noise-dampening materials makes the cabin quiet and comfortable.

In terms of dimensions, the T1’s length of 4.7 meters and wheelbase of 2.8 meters provide the most spacious cabin in its class, ensuring a comfortable driving experience and making every journey enjoyable.

Urban Off-Road Trendsetter

As consumer demand for lite off-road vehicles continues to rise, the JETOUR T1 is poised to become a game-changer in the global SUV market. With its unique blend of practicality, bold design, and user-oriented features, the T1 redefines what it means to be an urban lite off-road vehicle.

Photo – https://mma.prnewswire.com/media/2653884/image_1.jpg

View original content:https://www.prnewswire.co.uk/news-releases/where-rugged-adventure-meets-urban-sophistication-meet-the-new-era-of-lite-off-road-suv—jetour-t1-302415463.html

Continue Reading

Technology

KEENON Robotics Marks a New Milestone with the Unveiling of the Humanoid Robot XMAN-R1 and the Latest KLEENBOT Additions

Published

on

By

SHANGHAI, March 31, 2025 /PRNewswire/ — KEENON Robotics, a global leader in autonomous service robotics, officially introduces the XMAN-R1 humanoid robot alongside the latest KLEENBOT models—C40, C55, and C20. This introduction marks a significant milestone in KEENON’s development of multi-form service robotics solutions, reinforcing its ability to meet diverse and complex business needs.

From humanoid robots designed to interact with people to a full-scenario cleaning robotics lineup, these latest offerings reflect KEENON’s ongoing efforts to enhance service capabilities across industries.

XMAN-R1: Engineered to Serve

KEENON Robotics presents XMAN-R1, a humanoid robot developed to interact with people and collaborate with other KEENON robots, such as the DINERBOT T10, KLEENBOT C30, and KEENON S100. It is designed to enhance task coordination and expand service possibilities across a wide range of commercial settings, with continued advancements expected to refine its integration with KEENON’s robotic solutions.

With ongoing advancements in intelligent learning and task optimization, XMAN-R1 is expected to continuously improve coordination with other robotic solutions and adapt to changing service requirements.

Advancing Cleantech Solutions with the Latest KLEENBOT Models

With the addition of the C40, C55, and C20, the KLEENBOT series now provides solutions for every environment. These new releases elevate KEENON’s cleaning robotics offerings into a comprehensive, all-scenario lineup, supporting businesses in maintaining high hygiene standards efficiently and reliably.

The KLEENBOT C40, with a 65 cm minimum pass-through width, is designed for small to medium-sized commercial spaces, handling surfaces like short-pile carpets, tiles, wood, and marble. Its 40 cm scrubbing and vacuuming width ensures efficient cleaning in tight areas. The triple-brush system completes sweeping and scrubbing in one step, followed by fast drying after scrubbing. Equipped with 10 detection components, it navigates complex environments smoothly. Maintenance is simplified with a one-step dust box and dirty water tank swap, enabling quick vacuum-scrub mode switching. Additionally, key components like roller brushes and suction bar can be easily disassembled for efficient upkeep. The C40 is compatible with KEENON’s App and Cloud Platform for real-time monitoring and task scheduling.

Designed for large commercial spaces, the KLEENBOT C55 features a 55 cm cleaning width and a high-capacity water tank, making it well-suited for extended operations. The triple-brush system effectively removes tough stains, while its 11.6-inch display provides real-time status updates. With support for multi-robot collaboration, automatic recharging, and resume-cleaning functions, it enhances operational efficiency in venues such as malls and airports.

With a 35 cm slim body, the KLEENBOT C20 can access dust accumulation spots, making it ideal for compact spaces like convenience stores and offices. It operates with a dual-tank system, ensuring clean water is used for every cleaning task while dirty water is automatically collected. A modular design enables quick removal and replacement of components like side brushes and dust box, simplifying maintenance.

With embodied intelligence and advanced AI, the XMAN-R1 and KLEENBOT series continue to enhance KEENON’s robotics ecosystem, driving multi-form service robotics and comprehensive cleaning solutions. These innovations are designed to address the evolving needs of industries like retail, hospitality, healthcare, and industrial sector while positioning KEENON for future advancements in automation, intelligent service, and smarter operational efficiencies.

For more information, please contact global@keenon.com or visit https://www.keenon.com/

About KEENON Robotics

A global leader in commercial service robots and solutions, KEENON Robotics has been at the forefront of the advanced service robot market since 2010. Harnessing cutting-edge technologies in robotics and cloud computing, the company is trusted by businesses worldwide. KEENON Robotics is dedicated to creating value, fostering innovation, and contributing to industry growth across various sectors.

View original content to download multimedia:https://www.prnewswire.com/news-releases/keenon-robotics-marks-a-new-milestone-with-the-unveiling-of-the-humanoid-robot-xman-r1-and-the-latest-kleenbot-additions-302415464.html

SOURCE KEENON Robotics

Continue Reading

Trending