AI mania tanks CoreWeave’s Core Scientific acquisition; it buys Python notebook Marimo
Update: 2025-10-31
Description
Core Scientific shareholders rejected a $9 billion acquisition offer from CoreWeave, a competitor and partner, despite their recent bankruptcy exit. CoreWeave, once a cryptocurrency miner like Core Scientific, has shifted to AI workloads and gained significant investor interest. Core Scientific's shareholders, led by Sina Toussi, believed their company could reach CoreWeave's value independently due to the growing AI infrastructure demand. After the vote, Core Scientific's stock surged, raising questions about an AI bubble as valuations soar. Meanwhile, CoreWeave acquired Marimo, an open-source competitor to Jupyter Notebook, signaling their ambition to develop the next generation of AI tools.
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