Tag Archives: collar

CoreWeave tumbles as top shareholder Magnetar dials down position, puts on huge collar trade

CoreWeave tumbles as top shareholder Magnetar dials down position, puts on huge collar trade

CoreWeave is getting trounced along with most other high-beta growth companies in early trading on Tuesday, as its top shareholder as well as some of its executives continued to take profits in the name they’re finally allowed to sell. Last Thursday, Magnetar Financial, its subsidiaries, and insiders sold $94.4 million (or 915,339 shares) of the AI cloud computing company. Magnetar …

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Perplexity CEO says his AI browser will replace these two white collar jobs in every company | Trending News

Perplexity CEO says his AI browser will replace these two white collar jobs in every company | Trending News

Aravind Srinivas, CEO of Nvidia-backed startup Perplexity, has unveiled ambitions for the company’s latest product, an AI-powered browser named Comet. Speaking on a recent episode of The Verge’s “Decoder” podcast, Srinivas claimed the tool is designed to automate substantial portions of work traditionally handled by recruiters and executive assistants, and can quickly replace them. Describing Comet as more than just …

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