Cloud artificial intelligence infrastructure provider CoreWeave went public late Thursday at a lower price than expected, splashing some cold water on hopes for a rebound in initial public offerings — and even worse, today the stock fell about 5% in early trading despite the lower bar.

Shares recovered to close flat with the $40 IPO price — which was reduced again this morning to $39, so the closing price today of $40 represented a 2.5% rise. And it did come on a day when the Nasdaq fell 2.7%.

Still, the result has to be a disappointment to the company and to investors and venture capital firms holding out hope that 2025 might prove to mark a return to a critical piece of tech’s financial flywheel. Meanwhile, trading and investing platform eToro filed — crypto, you know — with higher hopes. But AI chipmaker Cerebras’ IPO got delayed by the Committee on Foreign Investment in the United States given investment by United Arab Emirates-based G42. So let’s not count on that return to the record days of 2021 just yet.

One concern that may weigh on CoreWeave in particular, though, is whether the data center building boom will continue as smaller AI models that don’t need as much compute get more and more capable. Microsoft has abandoned some projects, and Alibaba’s chairman sounds worried about overbuilding for AI too — especially in China.

Still, assuming the amount of compute needed for innumerable AI projects will lessen anytime soon seems like a bad bet. One reason: Reasoning AI models, which take much more time, and compute, than chatbots, are gaining traction, at least on the vendor side, as Google and Microsoft weighed in this week.

There’s also still plenty of money for hot AI startups, as OpenAI reportedly gets close to a $40 billion round led by SoftBank and the Chinese AI agent startup behind Manus is talking to VCs around the Valley for funding at a $500 million valuation.

In a late-breaking Friday afternoon dump, Elon Musk announced his xAI company will buy X. This seems rather more circular than is desirable, and that’s being charitable. If you were worried about your 23andMe data getting sold (see below), how about all your tweets getting used for training AI models?

Meanwhile, in the ongoing Trump clown show, his defense leaders doubled down on lying after they exposed Yemen attack plans in a Signal chat to The Atlantic’s editor — who handled the situation with more care for actual defense than the government defense people.

Once a tech darling, genetic testing company 23andMe filed for Chapter 11 bankruptcy. That’s a lot of important data that soon could be for sale, since co-founder Anne Wojcicki’s hopes of buying it back look dim.

Former Intel CEO Pat Gelsinger is now a VC, joining Playground Global. But I wonder how long before he gets back in an operating role.

Next week theCUBE will be busy at KubeCon+CloudNativeCon in Barcelona and Robotics & AI Media Week in New York City.

Here’s all the enterprise and emerging tech news and analysis from this week in SiliconANGLE and beyond:

AI and data: It’s the season for reasoning

New models and services

Google introduces Gemini 2.5 Pro with chain-of-thought reasoning built-in

Microsoft 365 Copilot gets AI reasoning skills for advanced research and analysis

Microsoft introduces AI agents for Security Copilot

Databricks partners with Anthropic and touts breakthrough in reinforcement learning

OpenAI upgrades ChatGPT’s image generation capabilities And its popularity stirred up controversy: OpenAI’s viral Studio Ghibli-inspired AI art comes under hailstorm of criticism

OpenAI adds support for Anthropic’s MCP LLM connectivity protocol

Alibaba releases new open-source AI model to power intelligent voice applications

Amazon introduces AI-powered Interests feature for its e-commerce marketplace

An interesting look at how LLMs work (I can’t bring myself to say they “think” personally because… they’re not): Anthropic researchers reveal new findings on how LLMs ‘think’

Imandra’s new AI coding assistant CodeLogician uses ‘reasoning’ to guarantee the accuracy of its code

DeepSeek releases improved V3 model under MIT license

AWS enhances QuickSight’s business intelligence with AI agents

Red Hat streamlines data access for AI application training and inference

Komprise brings more simplicity to petabyte-scale data migrations

Krisp feature adjusts accents during video meetings

Zeta to let marketers build and customize AI agents

Salesforce refines agentic platform with flexible database

Money matters

What to make of this… Using arguably inflated AI valuations to buy a social media property and still falling short: Elon Musk’s xAI acquires X at $33B valuation

OpenAI may soon close its $40B round led by SoftBank (per Bloomberg)

Chinese AI agent startup behind Manus in talks with US VC firms and others to raise funding at $500M+ valuation (per The Information)

AI startup CADDi nabs $38M to help manufacturers optimize supply chains

Browser Use raises $17M to help steer AI agents through the internet

Taxo raises $5M to reduce paperwork for doctors so they can care for patients

Google’s Gradient Ventures leads $1.2M round for Silverstream AI to scale autonomous web agents

There’s even more AI and big data news on SiliconANGLE

Around the enterprise: A disappointing IPO

Money matters

CoreWeave prices IPO lower than expected, and its stock still sags on its debut

One factor investors surely are considering in CoreWeave’s IPO: Alibaba’s Joe Tsai voices worries about AI data center construction bubble. Apparently Microsoft is concerned too.

Cerebras Systems faces delays in IPO as CFIUS review remains unresolved

Boosted by cryptocurrency trading growth, eToro files for initial public offering

Report: Nvidia close to acquiring AI cloud provider Lepton AI in nine-figure deal

Nexthop AI launches with $110M to build next-gen cloud AI infrastructure

Edge AI semiconductor maker MemryX raises $44M

ConfigHub raises $4M to bring order to chaotic mass of configuration files

Policy

US imposes export restrictions on more Chinese tech firms

New services

Broadcom introduces new chips for powering optical data center networks

AMD partners with Rapt AI to automate AI workload management on Instinct GPUs

Akamai distributes AI inference across the globe, promising lower latency and higher throughput

Instabug launches AI tools to enhance mobile app experience and retention

Nebius’ GTC session highlights best practices for building an AI cloud platform

We have plenty more news on cloud, infrastructure and apps

Cyber beat:

Attack & response

SecurityScorecard report reveals surge in third-party breaches across industries

Malicious AI tool mentions surge 200% across dark web channels in 2024

F5 report finds bots now drive majority of web content traffic

Report warns that browser-native ransomware is a growing threat to enterprise data

Money matters

Secure enterprise browser Island raises $250M at nearly $5B valuation

Straiker launches with $21 million in funding to secure enterprise AI applications

Strike raises $13.5M to expand its AI-driven continuous penetration testing platform

Hakimo secures $10.5M in new funding and launches autonomous AI security agent

Charm Security launches with $8M in funding to tackle AI-driven fraud

SplxAI gets $7M to block prompt injection attacks on AI agents with automated red teaming

New services

CrowdStrike expands Falcon Exposure Management with network vulnerability support

Chainguard introduces libraries for secure language dependency management

New Chainguard VMs aim to reduce engineering overhead in container host environments

NHL and Palo Alto Networks ink multiyear partnership

Polyguard launches with real-time defense platform to prevent deepfake and AI-driven fraud

Pulumi enhances cloud security with automated secrets rotation and new GitHub integration

Trulioo upgrades document verification with faster processing and improved accuracy

ARMO launches Behavioral Cloud Application Detection and Response to unify runtime security

More cybersecurity news here

Elsewhere around tech: A Signal of sloppy security

Security sloppiness at the White House: Yemen war plans shared with Atlantic editor over Signal

NSA warned about vulnerabilities in Signal prior to White House group chat fiasco

What could possibly go wrong? DOGE reportedly planning to rewrite Social Security Administration’s software

Once valued at $3.5B, 23andMe files for Chapter 11 bankruptcy

Google pays $100M to settle class-action lawsuit over advertising practices

Apple to host WWDC 2025 June 9-13, with OS upgrades expected

Mercury raises $300M on $3.5B valuation to expand fintech offerings

New York judge allows New York Times copyright lawsuit against OpenAI to proceed

And check out more news on emerging tech, blockchain and crypto and policy

Comings and goings, and a passing

Former Intel CEO Pat Gelsinger joined Playground Global venture capital firm

Now that it has a little cash… CoreWeave appointed new Chief Marketing Officer Jean English, who had been an executive at Juniper Networks, Palo Alto Networks, NetApp and IBM.

OpenAI COO Brad Lightcap takes on expanded role as CEO Sam Altman shifts focus to research

Block laid off 931 people, 8% of the staff (per TechCrunch)

Samsung Electronics CEO Han Jong-hee died of heart attack

What’s next

April 2-4: KubeCon+CloudNativeCon EU, Barcelona: TheCUBE will be onsite for interviews and analysis and SiliconANGLE will have the news.

March 31-April 4: Robotics & AI Media Week, virtual event from theCUBE and NYSE Wired, from theCUBE’s studio at the NYSE.

April 9-11: Google Cloud Next, Las Vegas: SiliconANGLE and theCUBE will both be onsite for all the news, interviews and analysis.

Image: SiliconANGLE/Microsoft Image Creator