Latest news with #Anubis
Yahoo
5 days ago
- Business
- Yahoo
Analysts revamp forecast for Nvidia-backed AI stock
Analysts revamp forecast for Nvidia-backed AI stock originally appeared on TheStreet. I have a virtual private server with several services running on it. It has replacements for Google Drive, Whatsapp, and Github (or Gitlab). Getting a sufficiently good internet connection that would allow me to use a real (on-premise) machine instead of a virtual one is very difficult where I live. I've been maintaining this server without any (serious) problems for a couple of years. However, in the past few months, the situation has changed, for the worse. Nothing brings me more joy than an occasional email from my VPS provider telling me that my server's CPU usage has been averaging at 98% for the last 2 hours. My server, which was almost invisible for a very long time, has become a target of scrapers and scanners.I am not alone in having this issue. Many prominent open-source projects had to protect themselves, too, and recently they started using "Anubis" for this. (Not the malware with the same name) Why the sudden change, you might ask? Well, an increasing number of companies think they will be the ones to create this 'incredible artificial intelligence.' So, they are scraping any website, regardless of whether its data is relevant and reliable. The more data they can collect, the better, seems to be the prevailing modus operandi. And once they're done collecting, throw everything into the blender and hope for the best. What if you are a little startup, with the aforementioned goals of writing incredible AI, and you've done the previous step of collecting the data, and now you just need that blender? Perhaps you have some investor money, but can't build that blender yourself. After all, Graphics cards used for AI training cost an arm and a leg. This is where CoreWeave () comes in. Just like the VPS providers that enable people like me who can't use real machines for their servers to use their servers instead, CoreWeave enables companies that can't afford AI servers to do their AI training on its GPU mega clusters. More AI Stocks: Wall Street veteran doubles down on Palantir Analysts double price target of new AI stock backed by Nvidia OpenAI teams up with legendary Apple exec Considering that the company's business model is 'renting' Nvidia () graphics cards, it is not surprising that the company has become Nvidia's largest holding, making up more than 78% of Nvidia's disclosed released its earnings report for Q1 2025 on May 14th. Here are the highlights: Revenue of $981.6 million, a 420% increase year-over-year. Net loss of $314.6 million, a 143% increase YoY. Adjusted EBITDA of $606.1 million, a 480% increase YoY. Guidance for the full year 2025 was: Revenue from $4.9 billion to $5.1 billion Capital expenditures of $20 billion to $23 billion Bank of America analysts, Brad Sills and Carly Liu, shared their opinions on the CoreWeave stock. "In our view, the AI infrastructure [capital expenditures] growth rate is peaking, though still very healthy (estimates are likely to move higher on a larger base), led by OpenAI. OpenAI's ChatGPT is the single largest consumer of AI workloads and is growing at a rapid pace. Therefore, we see solid sustained demand in CoreWeave's AI infrastructure market," said analysts In Q1, CoreWeave expanded its deal with OpenAI bringing the total contract value to $15.9 billion. The company also signed a new hyperscaler customer in Q1. It has also increased the average contract duration to four and a half years from four years since forecasted $21 billion of negative free cash flow for the company through calendar year 2027, driven by high capital expenditures. CoreWeave funds the majority of its capital expenditures with debt. The company managed to lower the interest rate in the recent debt raise of $2 billion to 9.3%, from 11% in calendar year 2024. "However, this remains a small % of the total incremental debt required from here, raising some questions, in our view," continued analysts. Sills and Liu noted that the stock is trading at twenty-five times its calendar year 2027 EBIT estimate, which is a premium to the peer group that is trading at sixteen times the estimate. They set the new price objective for CoreWeave, raising their target from $76 to $185, which is 29 times their calendar year 2027 EBIT estimate (vs. 16x previously), or 0.4 times adjusted for 69% growth. That said, they cut their rating on the stock after CoreWeave's recent rally, arguing there's less room for shares to head higher. "We believe much of the near-term upside has been priced in and downgrade our rating to neutral from buy," concluded revamp forecast for Nvidia-backed AI stock first appeared on TheStreet on Jun 16, 2025 This story was originally reported by TheStreet on Jun 16, 2025, where it first appeared.
Miami Herald
5 days ago
- Business
- Miami Herald
Analysts revamp forecast for Nvidia-backed AI stock
I have a virtual private server with several services running on it. It has replacements for Google Drive, Whatsapp, and Github (or Gitlab). Getting a sufficiently good internet connection that would allow me to use a real (on-premise) machine instead of a virtual one is very difficult where I live. I've been maintaining this server without any (serious) problems for a couple of years. However, in the past few months, the situation has changed, for the worse. Nothing brings me more joy than an occasional email from my VPS provider telling me that my server's CPU usage has been averaging at 98% for the last 2 hours. My server, which was almost invisible for a very long time, has become a target of scrapers and scanners. Related: Popular AI stock inks 5G network deal I am not alone in having this issue. Many prominent open-source projects had to protect themselves, too, and recently they started using "Anubis" for this. (Not the malware with the same name) Why the sudden change, you might ask? Well, an increasing number of companies think they will be the ones to create this 'incredible artificial intelligence.' So, they are scraping any website, regardless of whether its data is relevant and reliable. The more data they can collect, the better, seems to be the prevailing modus operandi. And once they're done collecting, throw everything into the blender and hope for the best. What if you are a little startup, with the aforementioned goals of writing incredible AI, and you've done the previous step of collecting the data, and now you just need that blender? Perhaps you have some investor money, but can't build that blender yourself. After all, Graphics cards used for AI training cost an arm and a leg. This is where CoreWeave (CRWV) comes in. Just like the VPS providers that enable people like me who can't use real machines for their servers to use their servers instead, CoreWeave enables companies that can't afford AI servers to do their AI training on its GPU mega clusters. More AI Stocks: Wall Street veteran doubles down on PalantirAnalysts double price target of new AI stock backed by NvidiaOpenAI teams up with legendary Apple exec Considering that the company's business model is "renting" Nvidia (NVDA) graphics cards, it is not surprising that the company has become Nvidia's largest holding, making up more than 78% of Nvidia's disclosed portfolio. Related: Micron makes massive $200 billion AI bet CoreWeave released its earnings report for Q1 2025 on May 14th. Here are the highlights: Revenue of $981.6 million, a 420% increase loss of $314.6 million, a 143% increase EBITDA of $606.1 million, a 480% increase YoY. Guidance for the full year 2025 was: Revenue from $4.9 billion to $5.1 billionCapital expenditures of $20 billion to $23 billion Bank of America analysts, Brad Sills and Carly Liu, shared their opinions on the CoreWeave stock. "In our view, the AI infrastructure [capital expenditures] growth rate is peaking, though still very healthy (estimates are likely to move higher on a larger base), led by OpenAI. OpenAI's ChatGPT is the single largest consumer of AI workloads and is growing at a rapid pace. Therefore, we see solid sustained demand in CoreWeave's AI infrastructure market," said analysts In Q1, CoreWeave expanded its deal with OpenAI bringing the total contract value to $15.9 billion. The company also signed a new hyperscaler customer in Q1. It has also increased the average contract duration to four and a half years from four years since 2024. Related: Apple WWDC underwhelms fans in a crucial upgrade Analysts forecasted $21 billion of negative free cash flow for the company through calendar year 2027, driven by high capital expenditures. CoreWeave funds the majority of its capital expenditures with debt. The company managed to lower the interest rate in the recent debt raise of $2 billion to 9.3%, from 11% in calendar year 2024. "However, this remains a small % of the total incremental debt required from here, raising some questions, in our view," continued analysts. Sills and Liu noted that the stock is trading at twenty-five times its calendar year 2027 EBIT estimate, which is a premium to the peer group that is trading at sixteen times the estimate. They set the new price objective for CoreWeave, raising their target from $76 to $185, which is 29 times their calendar year 2027 EBIT estimate (vs. 16x previously), or 0.4 times adjusted for 69% growth. That said, they cut their rating on the stock after CoreWeave's recent rally, arguing there's less room for shares to head higher. "We believe much of the near-term upside has been priced in and downgrade our rating to neutral from buy," concluded analysts. Related: Amazon's latest big bet may flop The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Forbes
5 days ago
- Forbes
This New Ransomware Can Irrevocably Destroy Your Files — Backup Now
Anubis rasnomware can destroy your files. Forever. As if the threat from high-profile ransomware actors wasn't critical enough, with the Federal Bureau of Investigation issuing warnings as attacks skyrocket, and ransoms follow suit with, on occasion, ridiculously eye-watering payments demanded, a new ransomware-as-a-service platform has just upped the stakes since again. This time, as well as stealing your data and encrypting your files, the Anubis attackers install a custom wiper that can permanently and irrevocably destroy them at the whim of the hackers. There has been some notable success in disrupting ransomware attackers of late, with devastating strikes by the FBI and Secret Service as well as hackers attacking some of the leading organized ransomware criminal groups. The problem is that as one group is disrupted or disbands, another rises to take their place in the cybercriminal hierarchy. And these groups often bring new and worrying attack tactics with them. Such is the case with the Anubis ransomware-as-a-service platform. 'Anubis is an emerging ransomware-as-a-service group that adds a destructive edge to the typical double-extortion model with its file-wiping feature,' Trend Micro threat researchers Maristel Policarpio, Sarah Pearl Camiling and Sophia Nilette Robles, said in a new report that takes a deep technical dive into the workings of the latest ransomware threat. In an attempt to both set itself apart from other ransomware-as-a-service operations and twist the victim extortion leverage knife even further, Anubis employs a file wiper that, the researchers said, is 'designed to sabotage recovery efforts even after encryption.' This wiper uses a /WIPEMODE parameter to permanently delete the file contents and prevent any attempts at recovery. We know that the Anubis attackers employ a number of methods to deploy the ransomware and execute its feature set, including phishing, command line execution and privilege escalation, not to mention the file-wiping capabilities already discussed. Mitigation strategies, therefore, are relatively straightforward. Let's start with the big one, to mitigate the file-wiper impact. Backup and backup now. Ensuring that you have current offline and even off-site backups is your best defense against the Anubis eraser ransomware. The remainder are nothing new either, as Trend Micro points out: Do all of this and, suddenly, the Anubis ransomware threat becomes a lot less scary. Which isn't the same as saying it can be dismissed, as that would be a very poor and dangerous business decision indeed.
Egypt Today
01-06-2025
- Politics
- Egypt Today
Egypt Recovers a New Batch of Stolen Artifacts From France
As part of ongoing national efforts to safeguard Egypt's heritage and ancient legacy and in line with President Abdel Fattah El Sisi's directives to reclaim smuggled and stolen antiquities, the Ministry of Foreign Affairs has handed over a remarkable collection of recovered artifacts to the Ministry of Tourism and Antiquities. The retrieved items repatriated from France, date back to the Late Period and include a limestone votive coffin, a limestone statue of a man, a wooden statue of the god Anubis in jackal form, two detached wooden hands from painted coffins, three rare papyrus scrolls sealed with royal stamps, and a cylindrical container inscribed in hieroglyphics used to store scrolls. These artifacts were successfully recovered by the Egyptian Embassy in Paris in collaboration with the French Ministry of the Interior. Egypt's Minister of Foreign Affairs and Immigration, Dr. Badr Abdel Aaty, attended the handover ceremony held at the embassy in February, following the French authorities' successful interception of an attempted sale by smugglers. Egypt also took legal action, joining the case in Paris as a civil plaintiff, which resulted in the conviction of the defendants and a court-ordered compensation of €23,000 in Egypt's favor. This marks the third such handover this month. Earlier in May, Egypt received 25 rare artifacts from U.S. authorities via its Consulate in New York, followed by the return of 20 significant pieces from Australia through Egyptian missions in Canberra and Sydney.
See - Sada Elbalad
30-05-2025
- Entertainment
- See - Sada Elbalad
Egypt's Foreign Ministry Hands Over Recovered Artifacts from France to Tourism Ministry
Ali abo deshish The Ministry of Foreign Affairs handed a group of recovered Egyptian antiquities to the Ministry of Tourism and Antiquities. These items, dating to the Late Period, were recently returned from France. The recovered objects include a limestone votive coffin, a limestone statue of a man, a wooden statue of the god Anubis in jackal form, two detached wooden hands from colored coffins, three rare royal-sealed papyrus scrolls, and a cylindrical container bearing hieroglyphic inscriptions. The Egyptian Embassy in Paris retrieved the pieces in cooperation with French authorities, after foiling an attempt to sell them illegally. Foreign Minister Badr Abdelatty attended the handover ceremony held at the embassy in February. Egypt also joined the case as a civil plaintiff in French court proceedings, which ended with the conviction of the traffickers and a compensation ruling in Egypt's favor worth €23,000. This marks the third time in May that the Ministry of Foreign Affairs has returned stolen artifacts to the Tourism Ministry. Earlier this month, 25 rare pieces were retrieved from the U.S. via the New York consulate, followed by 20 items recovered from Australia through Egyptian missions in Canberra and Sydney. read more New Tourism Route To Launch in Old Cairo Ahmed El Sakka-Led Play 'Sayidati Al Jamila' to Be Staged in KSA on Dec. 6 Mandy Moore Joins Season 2 of "Dr. Death" Anthology Series Don't Miss These Movies at 44th Cairo Int'l Film Festival Today Amr Diab to Headline KSA's MDLBEAST Soundstorm 2022 Festival Arts & Culture Mai Omar Stuns in Latest Instagram Photos Arts & Culture "The Flash" to End with Season 9 Arts & Culture Ministry of Culture Organizes four day Children's Film Festival Arts & Culture Canadian PM wishes Muslims Eid-al-Adha News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks
