-- Billionaire Philippe Laffont’s Coatue Management is the latest firm to bet on the artificial intelligence transition in the crypto-mining industry.Nvidia Sales Grow So Fast That Wall Street Can’t Keep UpCDK Hackers Want Millions in Ransom to End Car Dealership Outage
Coatue has invested in a variety of AI firms, including OpenAI and CoreWeave, which is a mulling an initial public offering and valued at $19 billion. Access to data centers and power has emerged to be some of the biggest challenges for deep-pocketed AI firms to expand. Laffont was an executive at Julian Robertson’s Tiger Management earlier in his career.
Hut 8 Announces $150 Million Strategic Investment from Coatue to Partner in Building Next Generation AI Infrastructure Platform These Stocks Are Moving the Most Today: Apple, Meta, Trump Media, RXO, Eli Lilly, ResMed, Under Armour, and More
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