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- 📉 CoreWeave triples revenue
📉 CoreWeave triples revenue
but scares Wall Street with $11B debt
Welcome to SaaS Wire — your backstage pass to the hottest in software and services!
What we’ll cover today:
🤑 Perplexity AI’s shocking $34.5B bid for Google Chrome
📉 CoreWeave triples revenue but scares Wall Street with $11B debt
🤖 SaaS leaders weigh in on big-tech antitrust shakeups
Perplexity AI, the up-and-coming AI search startup, just shocked everyone by offering $34.5B to buy Google’s Chrome browser.
🚨 Breaking News: This bid comes after the DOJ told Google to sell Chrome following an antitrust ruling over its search monopoly.
⚡ Wire Simplified
Perplexity is worth $18B but got investor backing for a $34.5B Chrome bid.
Chrome gives Google tons of data for ads.
DOJ wants Google to divest Chrome to level the search engine playing field.
Google is calling the DOJ’s push “radical.”
Perplexity earlier tried and failed to merge with TikTok.
✔️ Straight to the Point
Perplexity’s bid is bold. Whether it is genius or a moonshot, it is shaking up the browser wars like never before.
🎤 Should Google be forced to sell Chrome? |
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CoreWeave, the AI infrastructure giant, beat Wall Street revenue estimates but still saw its stock drop 9% after earnings.
🚨 Breaking News: Revenue tripled to $1.21B, but massive costs and $11B debt spooked investors despite huge AI demand.
⚡ Wire Simplified
Revenue jumped from $395M to $1.21B in a year.
Losses narrowed but margins fell from 20% to 2%.
Costs ballooned due to $145M in stock-based pay.
Big clients include OpenAI, Goldman Sachs and Morgan Stanley.
Planning GPU spot rentals to cut costs for customers.
✔️ Straight to the Point
CoreWeave is growing like crazy, but with debt this high it is a tightrope walk between AI gold rush and financial wipeout.
If your startup's potential market is huge, make very conservative assumptions when estimating its size. There is nothing investors like more than an obviously conservative estimate that still ends up being huge.
— Paul Graham (@paulg)
2:30 PM • Aug 12, 2025
In today’s market, VCs are more likely to fund the 10th company in a category as opposed to the 1st.
— Terrence Rohan (@tmrohan)
4:12 PM • Aug 12, 2025
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