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AI Company Buys Bitcoin Miner in $9 Billion Deal to Expand Data Power

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AI cloud provider CoreWeave announced it will acquire bitcoin mining firm Core Scientific in an all-stock transaction valued at approximately $9 billion, according to Reuters.

As AI workloads continue to surge, energy-hungry data centers have become a crucial asset. Firms like CoreWeave, which began as a crypto miner and later transitioned into AI infrastructure, are aggressively expanding their access to power and physical computing capacity. Per Reuters, the acquisition will give CoreWeave control of Core Scientific’s 1.3 gigawatts of contracted power and its development pipeline, a major boost in the race to scale AI operations.

Under the terms of the deal, Core Scientific shareholders will receive 0.1235 shares of newly issued CoreWeave stock for each Core Scientific share they hold. The offer values Core Scientific at $20.40 per share—a 66% premium over the stock’s price before deal discussions became public in late June, Reuters noted.

Despite the premium, Core Scientific’s stock dropped 22% in early trading Monday, while CoreWeave, which is backed by Nvidia, saw its shares decline 4.5%.

Related: Binance Advises Governments on Crypto Rules and Digital Asset Reserves

The acquisition is expected to help CoreWeave reduce more than $10 billion in projected future lease expenses tied to current site agreements over the next 12 years. The move not only expands CoreWeave’s energy footprint but also signals a broader trend of bitcoin miners diversifying into AI to remain viable in a rapidly shifting tech landscape.

“This acquisition accelerates our strategy to deploy AI and HPC (high-performance computing) workloads at scale,” said CoreWeave CEO Michael Intrator, in a statement released alongside the announcement.

Industry analysts see the transaction as a potential inflection point. Gautam Chhugani of Bernstein told Reuters the deal could become a blueprint for other miners looking to reposition themselves in the AI economy. Power access, he emphasized, remains the chief bottleneck for the expansion of AI-focused data centers.

Founded in 2017 as an Ethereum mining operation, CoreWeave exited the crypto mining business following Ethereum’s 2022 shift to a proof-of-stake model, which dramatically reduced miner incentives. Since then, the company has grown rapidly, with revenue surging more than eightfold last year, per its IPO filing.

Source: Reuters



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Can AI run a successful vending business? An AI startup tested it out

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Because AI isn’t (yet) able to physically restock the machine, the AI model could email company employees who handled such tasks. Beyond that, however, the AI model, dubbed Claudius for the experiment, was tasked with many of the responsibilities of a traditional operator, including selecting and maintaining inventory, setting prices and maximizing profit.

The upshot: “If Anthropic were deciding today to expand into the in-office vending market, we would not hire Claudius,” the company wrote in its blog.

The experiment showed that while the AI model was effective at tasks such as identifying suppliers, adapting to users’ requests and “jailbreak resistance,” as Anthropic employees tried to trick Claudius into stock sensitive items, Claudius failed as a convenience service operator because it ignored profitable opportunities, instructed customers to make payments at a Venmo address it had imagined (instead of the one created), sold products at a loss, offered excessive discounts and mismanaged inventory.

Although version one of Project Vend wasn’t successful at the bottom line, Anthropic predicts that AI middle managers will come to pass. “It’s worth remembering that the AI won’t have to be perfect to be adopted; it will just have to be competitive with human performance at a lower cost in some cases,” the company wrote in its blog.

Read the full story here.



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Suntory Global Spirits chooses Globant to build a Commercial Insights AI Agent and unlock Business Intelligence at Scale

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Suntory Global Spirits chooses Globant to build a Commercial Insights AI Agent and unlock Business Intelligence at Scale

Suntory Global Spirits chooses Globant to build a Commercial Insights AI Agent and unlock Business Intelligence at Scale

PR Newswire

NEW YORK, July 7, 2025


  • Globant is partnering with Suntory Global Spirits to build a generative AI-powered Commercial Insights Agent
  • With the Agent, Suntory Global Spirits employees can access data insights and self-service intelligence, speeding up decision-making across product development, marketing, sales and strategy

NEW YORK, July 7, 2025 /PRNewswire/ — Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced a reinvention partnership with Suntory Global Spirits, the world leader in premium spirits, to build and deploy a generative AI-powered Commercial Insights Agent. By compressing days of work into seconds and supporting real-time decision-making for sales, marketing, and strategy, Globant’s Commercial Insights Agent is transforming operations for the beverage company.



The AI-powered agent can interpret complex business questions across dashboards, reports, and unstructured documentation for Suntory Global Spirits, eliminating the need for manual insight requests. By automating insight retrieval, the Commercial Insights Agent reduces operating costs tied to traditional business intelligence workflows and significantly reduces time-to-action. What once required multiple cycles of back-and-forth between business and analytics teams can now be executed on demand, freeing up employees to focus on higher-value strategic tasks.

“Our work with Suntory Global Spirits exemplifies how visionary companies can harness the power of agentic and generative AI to fundamentally transform the way they operate,” said Santiago Noziglia, Retail, CPG and Automotive AI Studio CEO at Globant. “The Commercial Insights Agent is more than a productivity tool; it’s a strategic enabler that redefines how teams access knowledge, make decisions, and unlock growth. Together, we’re pushing the boundaries of what’s possible when building an AI-powered enterprise.”

Additional benefits of the Commercial Insights Agent include:

  • Self-serve decision support at scale: Teams at Suntory Global Spirits, especially across marketing, sales and product management, can independently access data insights, ask questions, or generate reports without bottlenecks or dependencies on other teams.
  • Contextual recommendations powered by GenAI: The Commercial Insights Agent is trained on internal data to provide contextual GenAI recommendations that speed up decision-making.
  • AI Agent foundation: The Commercial Insights Agent is just the beginning for Suntory Global Spirits, which can now use the agent as a template for new use cases across brand planning, commercial forecasting and innovation pipelines.

To learn more about Globant’s AI-powered tools, visit https://www.globant.com/enterprise-ai.

About Globant

At Globant, we create the digitally-native products that people love. We bridge the gap between businesses and consumers through technology and creativity, leveraging our expertise in AI. We dare to digitally transform organizations and strive to delight their customers.

  • We have more than 31,100 employees and are present in 36 countries across 5 continents, working for companies like Google, Electronic Arts, and Santander, among others.
  • We were named a Worldwide Leader in AI Services (2023) and a Worldwide Leader in Media Consultation, Integration, and Business Operations Cloud Service Providers (2024) by IDC MarketScape report.
  • We are the fastest-growing IT brand and the 5th strongest IT brand globally (2024), according to Brand Finance.
  • We were featured as a business case study at Harvard, MIT, and Stanford.
  • We are active members of The Green Software Foundation (GSF) and the Cybersecurity Tech Accord.

Contact: pr@globant.com
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For more information, visit www.globant.com.



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Paul Sinclair joins AI platform Suno as Chief Music Officer

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A prominent record label executive is joining the leadership team of Suno, the AI music-making platform that – along with rival Udio – is facing a copyright infringement lawsuit by the majors.

Paul Sinclair, who spent over two decades at Warner Music Group (WMG) in various roles, is taking up the post of Suno’s Chief Music Officer, a role in which he will “guide how Suno’s AI-powered tools are integrated into the process of songmaking,” Suno said.

Sinclair spent the last several months advising Suno, the Boston-headquartered company said in a statement on Monday (July 7).

He most recently served as General Manager and Executive Vice President of Warner’s Atlantic Records. He joined WMG in 2001 as Director, Digital Properties, and moved to Atlantic in 2006.

As EVP of Digital Strategy & Innovation at Atlantic, Sinclair was credited with being the driving force behind the label’s digital department. He was named to Billboard’s Digital Power Players list in 2016 and 2017.

Sinclair was promoted to General Manager and EVP of Atlantic Records in 2019.

Throughout his career, Sinclair has worked with such stars as Bruno Mars, Coldplay, Charli XCX, Lin-Manuel Miranda, Ed Sheeran, Janelle Monáe, and Kelly Clarkson, along with numerous up-and-coming artists.

According to Suno, he’s “built a reputation in the industry as a forward-thinking leader who helps drive the technological shifts that reshape how music is created, shared, and experienced, always with the goal of deepening the connection between artists and their fans”.

“Having spent my career at the intersection of music, technology, and artist development, this next journey brings all of that together in a new and inspiring way,” Sinclair said in a LinkedIn post on Monday (July 7).

“Suno’s technology is extraordinary, but what excites me even more is the opportunity to help shape how it’s used, in ways that empower artists, songwriters and producers of all abilities, expand creative expression, and build new bridges between music and fans.”

“Having spent my career at the intersection of music, technology, and artist development, this next journey brings all of that together in a new and inspiring way.”

Paul Sinclair

In an email to employees announcing Sinclair’s appointment, Suno Co-Founder and CEO Mikey Shulman said he’s “excited” about Sinclair joining the company.

“The unique perspective he brings to music and technology and his incredible optimism about the future of music will be invaluable as we embark on the next chapter of the Suno adventure,” Shulman wrote.

“The unique perspective he brings to music and technology and his incredible optimism about the future of music will be invaluable as we embark on the next chapter of the Suno adventure.”

Mikey Shulman, Suno

In his LinkedIn post, Sinclair said his role will be in part “about the healthy music ecosystem that we help to build” and “how we imagine the future of music in a world where AI will be one of many tools in the creative process, empowering artists and enabling more people to experience the joy of creating songs.”

Not everyone is convinced that Suno and other AI song-creation platforms are creating a “healthy music ecosystem.”

Last year, record labels owned by the three recording majors – Sony Music Entertainment, Universal Music Group and Warner Music Group – sued Suno, accusing the startup valued at $500 million of using copyrighted works without permission to train its AI models.

The music companies filed a similar lawsuit against AI company Udio as well. In their response to the record companies’ complaint, Suno and Udio all but admitted to using copyrighted works in training, but argued that the use should be granted a “fair use” exemption to copyright law.

The question of whether training AI on copyrighted works without a license or permission remains undecided in US courts. Two recent rulings from US federal judges handed down contradictory opinions on the matter, with one judge ruling in a case against AI company Anthropic that it does count as fair use, while another judge, in a decision on a case against Meta Platforms, declared that it’s not.

Bloomberg reported in early June that the majors are in licensing talks with Suno and Udio, which may result in the music companies taking equity stakes in the generative AI platforms.Music Business Worldwide



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