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  • Trump calls EU’s $3.5 billion fine on Google ‘very unfair’, says ‘will NOT allow these discriminatory actions ‘

    Trump calls EU’s $3.5 billion fine on Google ‘very unfair’, says ‘will NOT allow these discriminatory actions ‘

    President Donald Trump blasted the European Union on Friday, September 9 after regulators fined US tech giant Google nearly $3.5 billion for breaking competition laws. Trump called the move “unfair” and warned of retaliatory tariffs if the penalty is not withdrawn. Sharing a post on Truth Social, Trump wrote: “Europe today “hit” another great American company, Google, with a $3.5 Billion Dollar fine, effectively taking money that would otherwise go to American Investments and Jobs.” “Very unfair, and the American Taxpayer will not stand for it! As I have said before, my Administration will NOT allow these discriminatory actions to stand,” he continued.Trump’s remarks comes days after he hosted a high profile dinner at White House with tech CEOs that included also included Google CEO Sundar Pichai. At the dinner, Trump congratulated Pichai on Google’s recent legal triumph. The exchange followed a landmark antitrust ruling that saw Google avoid a court-ordered breakup.“Well you had a very good day yesterday,” Trump said to Pichai, “Google had a very good day yesterday. Do you want to talk about that big day you had yesterday?”

    Why EU fined Google

    According to a New York Times report, the European Commission, the executive branch of the 27-nation bloc, accused Google of breaching antitrust laws by using its size and dominance to control the display advertising business, undercutting rivals. It said that Google had abused its dominance that indirectly hurt rival providers of advertising technology. Google’s control over the ad-tech supply chain allows it to see pricing information that rivals cannot access, the regulators accused.

    What Trump said about EU’s fine on Google

    In the Truth Social post, Trump said:Europe today “hit” another great American company, Google, with a $3.5 Billion Dollar fine, effectively taking money that would otherwise go to American Investments and Jobs. This is on top of the many other Fines and Taxes that have been issued against Google and other American Tech Companies, in particular. Very unfair, and the American Taxpayer will not stand for it! As I have said before, my Administration will NOT allow these discriminatory actions to stand. Apple, as an example, was forced to pay $17 Billion Dollars in a Fine that, in my opinion, should not have been charged — They should get their money back! We cannot let this happen to brilliant and unprecedented American Ingenuity and, if it does, I will be forced to start a Section 301 proceeding to nullify the unfair penalties being charged to these Taxpaying American Companies. Thank you for your attention to this matter!DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES OF AMERICA


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  • Cardiologist shares 5 easy things people need to do in their 20s, 30s to protect heart health: Eat spinach, take stairs

    Cardiologist shares 5 easy things people need to do in their 20s, 30s to protect heart health: Eat spinach, take stairs

    Serious conditions like heart attacks were initially thought to affect older adults who had crossed middle age. But lately, heart attack scares are showing up more in young adults, as young as their 20s and 30s. Dr M Srinivasa Rao, regional clinical director and senior interventional cardiologist at CARE Hospitals, Banjara Hills in Hyderabad, also warned, revealing that many young adults are ending up in the hospital with very serious cardiac issues.

    Fit and sporty individuals can suffer heart attacks or sudden cardiac arrests due to various reasons. Here is what to know. (Freepik)

    ALSO READ: Cardiologist shares 5 compelling reasons to eat more home-cooked meals instead of ordering food online

    Poor lifestyle is the biggest contributor to this surge in heart issues, as Dr Rao told HT Lifestyle that there are many lifestyle factors, along with genetic predisposition, responsible for increasing the risks of cardiac issues in young adults. He elaborated, “Long work hours, stress, irregular sleep, fast food habits, undiagnosed high blood pressure, elevated cholesterol, diabetes, and a family history of heart disease. Even everyday exposure to pollution or occasional smoking can quietly damage arteries.”

    Another common misconception is that poor health will also affect one’s appearance. However, this is not always the case; one may appear fine from the outside, but the damage has already started inside. Dr Rao warned, “A young adult might look fit on the outside, but early plaque can already be forming inside their blood vessels.”

    This is why heart health cannot be pushed down the list of urgent priorities. People in their 20s and 30s are often more focused on skincare routines, treating early fine lines with retinol (as one should), but it’s also vital to pay attention to things that were earlier thought to be a concern in midlife- like cardiac health.

    Right from the beginning, lifestyle needs to be changed, embracing healthier habits not just once in a while, but as a regular part of life. One of the essentials for keeping the heart healthy is staying active, even in small ways like taking stairs instead of the lift. He called it, “Consider exercise as giving your heart a daily workout rather than waiting for the weekend gym session.”

    Dr Rao shared five tips young adults should follow to protect their hearts:

    1. Watch what you are eating

    Include more green vegetables in your diet.(Shutterstock)
    Include more green vegetables in your diet.(Shutterstock)
    • Vegetables like spinach, broccoli, and carrots, fruits such as berries and oranges, whole grains like oats and brown rice, and healthy fats from nuts, seeds, olive oil, or avocado should make up most meals.
    • Fast food, sugary drinks, processed snacks, and excess salt should be occasional treats rather than daily staples.

    2. 150 minutes of exercise every week

    Be active and include daily movements through activities like brisk walking.(Shutterstock)
    Be active and include daily movements through activities like brisk walking.(Shutterstock)
    • Aim for at least 150 minutes a week of brisk walking, cycling, or swimming, and include two strength-training sessions.
    • Short bursts of activity during the day, taking the stairs, walking to a colleague’s desk, or a quick evening jog, can all add up.

    ALSO READ: Take the stairs over lift: Study reveals just 3 minutes of daily movement can reduce heart attack and stroke risk

    3. Check health numbers regularly

    The health numbers reveal the health issue even before symptoms show up, so early detection allows you to take action before serious problems arise. (Shutterstock)
    The health numbers reveal the health issue even before symptoms show up, so early detection allows you to take action before serious problems arise. (Shutterstock)
    • Blood pressure, cholesterol, blood sugar, body weight and waist circumference often reveal hidden risks before symptoms appear.
    • A young adult might feel fine, yet their arteries could be under stress.

    4. Manage stress

    Young adults may be under a lot of stress at work, making stress management a must to protect heart. (Shutterstock)
    Young adults may be under a lot of stress at work, making stress management a must to protect heart. (Shutterstock)
    • Chronic stress raises blood pressure and inflammation in arteries.
    • Techniques like yoga, short breathing exercises, or even a 10-minute phone-free walk during the day can help.
    • Consider stress management as important as any diet or exercise.

    5. Say no to smoking and drinking

    From smoking, vaping, to drinking- they all put your heart health at risk. Young adults often are seen smoking or drinking, either from stress or at parties. (Freepik)
    From smoking, vaping, to drinking- they all put your heart health at risk. Young adults often are seen smoking or drinking, either from stress or at parties. (Freepik)
    • Heavy drinking strains the heart and can trigger dangerous rhythms.
    • Tobacco accelerates artery damage and increases clotting risk.
    • Social binge drinking can put susceptible young adults at risk.

    It is vital to change negative habits and embrace healthier ones as heart attack is not waiting until middle age to hit, so don’t treat early adulthood like 20s and 30s as your lively years to ‘enjoy’ and openly neglect health.

    Note to readers: This article is for informational purposes only and not a substitute for professional medical advice. Always seek the advice of your doctor with any questions about a medical condition.

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  • OpenAI takes on LinkedIn with new jobs platform for AI-ready workers

    OpenAI takes on LinkedIn with new jobs platform for AI-ready workers

    OpenAI has announced plans to launch an artificial intelligence (AI)-powered hiring platform in 2026, taking on Microsoft’s LinkedIn as it develops products beyond ChatGPT. The company also launched an AI certification program through its OpenAI Academy, with partnerships including Walmart, aiming to skill 10 million Americans by 2030.

    OpenAI’s recently appointed CEO of applications, Fidji Simo, announced in a company post that the OpenAI Jobs Platform aims to connect businesses with AI-skilled workers. According to Simo, the platform will “use AI to help find the perfect matches between what companies need and what workers can offer”.

    “We also realize that anyone looking to hire, whether it’s through the Jobs Platform or elsewhere, needs to trust that candidates are actually fluent in AI. Most businesses, including small businesses, think AI is the key to their future. And most of the companies we talk to want to make sure their employees know how to use our tools,” Simo said.

    The hiring platform will also focus on small businesses and local governments seeking AI talent, she added. The Texas Association of Business plans to use the platform to connect thousands of Texas employers with AI-ready workers.

    Interestingly, OpenAI’s platform challenges LinkedIn, cofounded by Reid Hoffman, one of OpenAI’s early investors. He was also on the company board till March 2023. Hoffman quit to avoid conflicts of interest with his AI investments through Greylock Partners and his role in founding Inflection AI.

    Certification programme

    OpenAI will also pilot its certification programme in late 2025, with courses covering AI fluency, from basic workplace applications to advanced prompt engineering.

    Retail giant Walmart is one of the major launch partners for this initiative.

    The certification programme allows users to prepare for certification directly within ChatGPT’s Study mode, and companies can integrate it into their learning and development programmes. “We realise that upskilling or reskilling programs have a mixed record, and haven’t always led to better jobs or higher wages. But we’ve studied what has and hasn’t worked in the past, and are designing our programmes to better serve the needs of both workers and companies,” Simo explained in the post.

    Jobs versus AI

    The announcement of an AI-powered jobs platform comes amid conversations around the technology erasing hundreds of thousands of entry-level jobs across sectors. Anthropic CEO Dario Amodei had recently remarked that AI could eliminate up to 50% of entry-level white-collar positions by 2030. Simo acknowledged this disruption in her blog post, stating that while OpenAI “can’t eliminate that disruption,” the company can help people become AI-fluent and connect them with employers.

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  • Unpaid $1.5 bn power bill, attacks on Chinese nationals – Firstpost

    Unpaid $1.5 bn power bill, attacks on Chinese nationals – Firstpost

    As Pakistan knocks on the doors of the Asian Development Bank to fund its Karachi-Rohri railway project, here’s why China halted the funding for its so-called ‘all-weather friend’

    Cracks between Pakistan and China became more apparent after reports emerged that Beijing has withdrawn funding for the
    Karachi-Rohri railway project, a key part of the China-Pakistan Economic Corridor. According to The Economic Times, China cited financial and security concerns for its move.

    In light of this, Pakistan is now seeking funds for the
    Asian Development Bank to salvage the project. It is pertinent to note that China’s decision also follows its frustration over unpaid debts to Chinese power companies. However, the key concern for Beijing remains security issues for Chinese nationals working on numerous infrastructure projects in Pakistan.

    STORY CONTINUES BELOW THIS AD

    China’s decision not to finance the Karachi-Rohri railway segment being built under its Belt and Road Initiative (BRI) reflects that its “
    all-weather friendship” with Pakistan is notwithstanding. The change in the ties between the two nations is also coming at a time when China is mending its ties with India.

    China’s withdrawal left Pakistan short of money

    According to The Economic Times, the Chinese authorities expressed frustration over Pakistan’s unpaid debts, particularly $1.5 billion owed to Chinese power companies. Moreover, since 2021, several Chinese nationals working on BRI projects in Pakistan have been killed by separatist and terrorist groups operating in the country.

    The Karachi-Rohri section of Main Line 1 Railway was previously expected to receive $2 billion from China. However, it had been left unfunded, leaving Pakistan to knock on the doors of the Asian Development Bank (ADB), seeking urgent funds to salvage the second phase of the China-Pakistan Economic Corridor (CPEC), sources told The Economic Times.

    China also expressed concern over the security of its nationals in Pakistan while speaking to the country’s Field Marshal Asim Munir. Earlier this year, Beijing sought permission to deploy its military for the protection of its nationals in Pakistan.

    Source told The Economic Times that Pakistan’s loan request to the Asian Development Bank involves upgrading 480 kilometres of the Karachi-Rohri railway segment. The total cost of the project is estimated to be $6.7 billion, covering the entire 1,726-kilometre stretch from Karachi to Peshawar.

    The railway network is considered central to the CPEC and will be used for transporting goods as well as minerals extracted in the mineral-rich Balochistan province. The cracks between China and Pakistan are also coming at a time when Islamabad is improving its relations with the United States.

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    Earlier, Pakistan had indicated that it would offer the US opportunities in Balochistan’s mining sector. However, the US’s commercial or security presence in Balochistan may impact China’s wide-ranging interests in the province, a source told ET.

    Under the BRI, China has announced that it will invest more than $50 billion in Pakistan. In light of this,
    Gwadar Port has been constructed, and plans for a naval base are currently underway. On Thursday, Pakistan’s energy ministry announced that ADB had approved a $130 million loan for the country’s energy sector.

    Apart from this, Pakistan has also sought assistance from international partners, including the ADB, to improve its energy infrastructure by modernising its transmission system and promoting renewables.

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  • Second known tanker carrying sanctioned Russian Arctic LNG berths in China – Reuters

    1. Second known tanker carrying sanctioned Russian Arctic LNG berths in China  Reuters
    2. Another US-Sanctioned Russian LNG Shipment Lands in China  Bloomberg.com
    3. Sixth LNG tanker loads cargo from Russia’s Arctic LNG 2, data shows  Reuters
    4. China’s warming view of Russian gas won’t unfreeze Arctic LNG 2 problems  Lloyd’s List
    5. Weak fundamentals and growing bearish sentiment after Arctic LNG 2 cargo docked in China  Hellenic Shipping News

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  • Gems review – dazzling technique elevates LA Dance Project’s contemporary ballet trilogy | Brisbane festival

    Gems review – dazzling technique elevates LA Dance Project’s contemporary ballet trilogy | Brisbane festival

    Australia sees so little international contemporary dance – considered too far and too expensive a journey, with too small a dedicated dance audience to make it worthwhile. What does appear is mostly in Melbourne and Sydney. So it’s a curious coup for Brisbane festival to land the second visit to Australia by L.A. Dance Project – the troupe founded by the former New York City Ballet principal Benjamin Millepied – after the Sydney Opera House’s presentation of his contemporary, genderqueer Romeo and Juliet Suite last year.

    For this year’s Brisbane festival, L.A. Dance Project presented a trilogy of contemporary ballets – commissioned between 2013 and 2016 for the company’s key funder, Van Cleef & Arpels – on the theme of gems. It’s not as far-fetched as it sounds. There’s precedent: NYCB founder George Balanchine’s landmark 1967 abstract ballet Jewels was inspired by the French jewellery company’s wares, with each of its three acts a tribute to a different precious stone.

    While Millepied’s Gems trilogy ostensibly takes the same source inspiration (rubies, diamonds and emeralds), the connection to jewels and Balanchine’s work ends there. Audiences are instead presented with three distinct works, each with its own design team. This is the first time they have been shown together. Presented in chronological order, it’s impossible not to read them as a progression through Millepied’s choreographic development – made more interesting by the fact the final work in the trilogy, 2016’s On the Other Side, got an overhaul ahead of its Brisbane showing.

    In 2013’s Reflections, the influence of Jerome Robbins, godfather of contemporary American ballet and Millepied’s mentor, shows. The blend of balletic lyricism and playful, jazzy movement often feels like a genuine interaction between people, witnessed by chance, rather than a deliberate choreography performed to the audience.

    Shu Kinouchi in Reflections. Photograph: Jade Ellis/Brisbane festival

    The ballet is structured as a series of vignettes – duets, solos and groups of up to five – to David Lang’s music for solo piano, against a dramatic white-on-red text work by Barbara Kruger. Its words – STAY, emblazoned on the back of the stage; GO, on a curtain that drops across the middle of the stage partway through – offer a clue to the theme. The choreography, created in collaboration with founding L.A. Dance Project members, plays with bodies in relationship to one other, from romantic longing to platonic interdependence and play.

    The most flawless of the evening’s works, Reflections is a showcase for the dancers’ superb technique. The duets are masterclasses in silken independence. A solo by Shu Kinouchi is stunning, his supple control and springy athleticism drawing a huff of appreciation from the audience. The piece’s variegated movement keeps it constantly – delightfully – surprising, along with playful interactions that feel intuitive and off-the-cuff.

    But Hearts and Arrows (2014) is the crowdpleaser: short and exhilarating, set to music from Philip Glass’s popular Mishima soundtrack that is performed live by members of Queensland’s chamber orchestra Camerata. If the choreography feels less distinctive and original than Reflections, it’s also a more perfect marriage of music and movement, with Glass’s propulsive score matched by buoyant athleticism in dazzling whole-of-ensemble formations.

    Audrey Sides and Tom Guilbaud in Hearts and Arrows. Photograph: Jade Ellis/Brisbane festival

    It’s less impeccably executed than Reflections, but the dancers are clearly having fun, and seem fuelled by the music as if it were an electric current. The energy is irresistible and it’s impossible to look away – belatedly, you realise you’ve been holding your breath.

    On The Other Side feels like the weakest link: its score – a selection of solo piano music by Glass – is less coherent and dramatic; the set design – a massive backdrop featuring the work of the abstract artist Mark Bradford – is the evening’s least theatrical; the dancers’ execution here feels the least confident; and the choreography is less obviously pleasing than in the earlier works.

    But there’s something heartfelt here, particularly in melancholic duets and in a solo by Courtney Conovan that feels more like a spontaneous expression of the soul than something rehearsed. Sequences of interplay between individuals and the group invoke a meditation on community in a daunting world – though ultimately with slim consolation, ending on a strikingly sombre note with the ensemble huddled together, trepidatious.

    Gems is most striking as a chance to see a strain and calibre of international dance that audiences arenot often exposed to in Australia. So it was disappointing to see the audience dwindle significantly across the evening’s two intervals – and the local musicians receiving the lion’s share of applause at each curtain call felt almost churlish. It consolidated the sense that Millepied’s trilogy was a bold choice of headliner for the festival’s opening weekend.

    • Gems runs until 7 September at Queensland Performing Arts Centre, Brisbane, as part of the Brisbane festival.

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  • Upstart May Be A Future Victim Of AI – Downgrade To Sell (NASDAQ:UPST) – Seeking Alpha

    1. Upstart May Be A Future Victim Of AI – Downgrade To Sell (NASDAQ:UPST)  Seeking Alpha
    2. Is UPST Stock a Buy, Hold, or Sell After Its 43.7% Three-Month Rally?  Yahoo Finance
    3. Upstart’s AI Underwriting Edge: Can It Keep Driving Loan Growth?  TradingView
    4. Mixed options sentiment in Upstart Holdings with shares down 4.93%  TipRanks
    5. Upstart Holdings Faces Resistance Amid Market Skepticism Over Long-Term Growth  AInvest

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  • 7 silent signs of kidney problems that people commonly overlook

    7 silent signs of kidney problems that people commonly overlook





    7 silent signs of kidney problems that people commonly overlook













































































    06 Sep, 2025
    Harpreet Kour

    Constant tiredness may sometimes be noticed as an early sign of kidney problems that people overlook.













    Swelling in feet, ankles, or hands could signal kidney problems, yet many ignore it as routine fatigue.













    Dry or itchy skin may appear when kidney problems are quietly affecting the body.













    Back pain or discomfort near the lower side is sometimes linked to kidney problems.













    Changes in urination patterns may indicate kidney problems that need attention but often go unnoticed.













    Puffiness around the eyes could be a hidden sign of kidney problems that people do not take seriously.













    Trouble focusing or brain fog can be a subtle sign of kidney problems that most people miss.















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  • Rene Higuita and the legend of El Loco – 30 years since the scorpion kick at Wembley

    Rene Higuita and the legend of El Loco – 30 years since the scorpion kick at Wembley

    The idea came to Rene Higuita while filming a television advert for soda with some children in Colombia. One juggled a football in the air and bicycle-kicked it towards the goalkeeper, who instinctively threw both legs behind his back and punted it away.

    Two years later, having made it his party trick in training and warm-up routines, the stars aligned for Higuita to write his legacy under the hazy Wembley floodlights.

    England midfielder Jamie Redknapp’s miscued effort drifted tamely towards the goalkeeper, already renowned for his flamboyant style, who watched it drop over his head before lurching forward and jolting his heels like a scorpion’s tail.

    It was the “perfect ball”, Higuita recalls in his Netflix documentary ‘Higuita: The Way of the Scorpion’. “I thought ‘no problem’. It came out perfect.”

    Breaking his fall with two hands on the turf, cuffs of his baggy blue keeper’s jersey halfway up his forearms and long black curls flowing behind him, Higuita immediately burst into his iconic grin.

    On commentary for Sky Sports on the night of 6 September 1995 was Martin Tyler, who initially thought the referee’s whistle must have gone – after all, the linesman put his flag up – but play continued.

    “I was confused,” Tyler tells BBC Sport. “In real time, nobody would do that, why would they do it? It was like there was something mysterious going on. It was totally unexpected. He foiled Jamie Redknapp and he fooled the lot of us on the gantry!”

    Bryan Robson, part of the England coaching team, could be seen laughing on the bench almost in disbelief and there was a similar reaction among the fans, despite just 20,000 of them filtering into the national stadium for a Wednesday night friendly in an era characterised by low attendances.

    “There was this silence, people were just trying to fathom what had just happened,” remembers BBC Radio Newcastle host Simon Pryde, who was in the crowd. “Then everyone just burst into a mixture of spontaneous laughter and applause.”

    England centre-back Steve Howey, who had been tasked by Newcastle boss Kevin Keegan with providing a scout report on the Colombia forward he was marking, one Faustino Asprilla, assumed the game must have stopped.

    “Higuita wasn’t exactly the kind of character that was massively dependable, he used to come out and dribble past forwards and join in play, he was absolutely crazy. So it wasn’t exactly a surprise for someone like him,” says Howey.

    “Everybody thought the referee had blown his whistle but as we found out quickly, he hadn’t – if it had gone in it would have counted.”

    An otherwise forgettable friendly finished goalless, but Higuita had fans trying to recreate his physics-defying save in parks and playgrounds up and down the country.

    “It was just the eccentricity of one particular goalkeeper in one particular moment which had a commentator rubbing his eyes in disbelief,” adds Tyler. “It’s from a comic book, really. It was like Roy of the Rovers… some kind of schoolboy, fictional stuff.”

    Yet while this would prove Higuita’s globally defining moment, it was just another chapter in the unique story of a keeper who scored 43 career goals, inspired a game-changing new law and had only recently returned to the Colombia squad after being sent to prison for his part in a cartel kidnapping.

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  • 2 Popular AI Stocks to Sell Before They Drop 59% and 61%, According to Wall Street Analysts

    2 Popular AI Stocks to Sell Before They Drop 59% and 61%, According to Wall Street Analysts

    Palantir and CoreWeave have delivered monster returns this year, but certain Wall Street analysts anticipate substantial losses in the coming months.

    Palantir Technologies (PLTR -2.04%) shares have gained 105% this year, while CoreWeave (CRWV 1.92%) shares have advanced 115%. Yet the Wall Street analysts listed have sell ratings on the stocks, and their target prices imply substantial losses for shareholders:

    • Brent Thill at Jefferies has set Palantir with a 12-month target price of $60 per share. That implies 61% downside from its current share price of $155.
    • Gil Luria at D.A. Davidson has set CoreWeave with a 12-month target price of $36 per share. That implies 59% downside from its current share price of $88.

    Here’s what investors should know about these popular artificial intelligence (AI) stocks.

    Image source: Getty Images.

    Palantir Technologies: 61% implied downside

    Palantir develops data analytics software. Its core platforms let users integrate, organize, and visualize complex information to support decision-making across the defense, intelligence, and corporate sectors. The company also develops an artificial intelligence platform (AIP) that lets developers integrate large language models into workflows and applications.

    Palantir’s unique software architecture — its platforms revolve around an ontology, a digital representation of an organization’s data, processes, and assets — differentiates it from alternative products. “Our foundational investments in ontology and infrastructure have positioned use to uniquely deliver on AI demand,” says CTO Shyam Sankar.

    Palantir reported strong second-quarter financial results. Customers climbed 43% to 849, and the average spend per existing customer increased 28%. In turn, revenue surged 48% to $1 billion, the eight straight acceleration, and non-GAAP (generally accepted accounting principles) earnings rose 77% to $0.16 per diluted share.

    Investors have good reason to think the company can keep its momentum. Grand View Research expects spending on artificial intelligence to increase at 36% annually through 2030, while spending on decision intelligence platforms increases at 15% annually during the same period. So, Palantir’s sales could grow faster than 20% annually through the end of the decade.

    However, Palantir has a valuation problem. Its price-to-sales ratio of 115 makes it the most expensive stock in the S&P 500 (^GSPC -0.32%) by a long shot. No other company in the index trades above 30 times sales, meaning Palantir could drop 70% and still be the most expensive stock. In that context, it is entirely possibly that Palantir suffers a full-blown meltdown at some point in the future.

    CoreWeave: 59% implied downside

    CoreWeave provides cloud infrastructure and software services purpose built for artificial intelligence workloads. In traditional data centers, up to 65% of compute capacity in graphics processing units (GPUs) is lost to system inefficiencies, but CoreWeave GPU clusters deliver up to 20% better performance than alternative clouds.

    The company reported mixed second-quarter financial results. Revenue increased 207% to $1.2 billion, and non-GAAP operating income rose 135% to $200 million. CoreWeave also said its revenue backlog jumped 86% due to expanded deals with an unnamed hyperscale company and OpenAI. However, its non-GAAP net loss widened to $131 million, much steeper than the $5 million loss reported last year.

    Interest payments are the primary reason for the discrepancy between non-GAAP operating income and non-GAAP net income. Data centers are expensive to operate, especially when filled with AI systems. CoreWeave has taken on a large amount of debt to build its infrastructure, and interest expenses totaled $267 million in the second quarter.

    However, the company borrows responsibly. CoreWeave only takes on debt when signed contracts create a need for more infrastructure, and only if the contract more than covers the entire cost of the debt. Even so, interest payments are such a substantial headwind that the company is unlikely to turn a profit until 2027, which means the stock is likely to be volatile.

    CoreWeave currently trades at 10 times sales, a very reasonable valuation for a company whose revenue is forecast to increase at 127% annually through 2026. In that context, I highly doubt the stock will decline 59%. In fact, I think investors comfortable with volatility should consider buying a few shares.

    Trevor Jennewine has positions in Palantir Technologies. The Motley Fool has positions in and recommends Jefferies Financial Group and Palantir Technologies. The Motley Fool has a disclosure policy.

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