AI Daily: CrowdStrike announces expanded AI collaboration with AWS

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly:

AI COLLABORATION: CrowdStrike (CRWD) announced an expanded collaboration with Amazon Web Services (AMZN) “to accelerate AI adoption in cybersecurity and secure AI use.” CrowdStrike said, ” With falcon-mcp and AI Red Team Services now available in the AI Agents and Tools category in AWS Marketplace, organizations can power security operations with AI – and protect the AI systems those operations rely on.”

$100B VALUATION: As Anthropic’s sale of artificial intelligence has surged, the company has told investors some of its profit-related metrics are improving even as it burns a tremendous amount of cash. That financial performance has prompted some investors to indicate interest in funding Anthropic at a valuation of more than $100B if the company decides to pursue a deal, compared to a $58B valuation in a financing round announced four months ago, according to two people involved in the discussions. The Information’s Sri Muppidi and Natasha Mascarenhas report. The company raised $3.5B in equity financing in March but previously told some investors it planned to raise $5.5B in total this year, and it recently let some investors see part of its financial performance, one of these people said.

SHARE DOWNSIDE: HSBC initiated coverage of CoreWeave (CRWV) with a Reduce rating and $32 price target, which implies 77% downside in the shares. While the company’s graphics processing unit-focused cloud is purpose-built for artificial intelligence, GPU clouds are increasingly commoditized with relatively low returns, the firm tells investors in a research note. HSBC says CoreWeave’s revenue comes mainly from hi-technology customers who use their own software, which “dilutes” the company’s value proposition. HSBC’s earnings estimates for 2027 through 2030 are 45% below consensus as it expects “weak” free cash flow and high spending.

AI CHIPS: Nvidia’s (NVDA) plan to resume selling its H20 AI chips to China is part of the U.S.’s negotiations on rare earths, Jarrett Renshaw and Karen Freifeld of Reuters reports, citing comments made by Commerce Secretary Howard Lutnick. “We put that in the trade deal with the magnets,” Lutnick told Reuters.

SUPERINTELLIGENCE LAB: Jason Wei, researcher at Microsoft-backed (MSFT) OpenAI who worked on the company’s o1 and deep research models, is leaving to join Meta‘s (META) new superintelligence team, Wired’s Kylie Robinson reports, citing multiple sources familiar with the matter. Meanwhile, Hyung Won Chung, another researcher at the ChatGPT maker, will also be moving to Meta, the author says, citing multiple sources.

PIRATING CONTENT: Senator Josh Hawley said via X, “Here’s what Zuckerberg doesn’t want you to know: Meta is willfully pirating droves of copyrighted content to train its AI models And then the company turns to its lawyers & lobbyists to get off scot-free. Meta doesn’t care about the law – it cares about profit.”