Nvidia invests $2 billion in CoreWeave, expands partnership

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Nvidia has invested $2 billion in ‍CoreWeave, becoming the AI infrastructure provider’s second-largest shareholder, as the companies expand their partnership to ⁠boost data center capacity in the United States.

The announcement on Monday sent CoreWeave‘s shares up 9% in premarket trading.

So-called neocloud companies like CoreWeave, which provide tech companies ‌with the hardware ‌and cloud capacity needed to build, run and deploy AI technologies, have seen a surge ‌in demand in recent years as enterprise adoption of AI picks up.

The fresh…



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Nvidia invests $2 billion in CoreWeave, expands partnership



Nvidia has invested $2 billion in ‍CoreWeave, becoming the AI infrastructure provider’s second-largest shareholder, as the companies expand their partnership to ⁠boost data center capacity in the United States.

The announcement on Monday sent CoreWeave‘s shares up 9% in premarket trading.

So-called neocloud companies like CoreWeave, which provide tech companies ‌with the hardware ‌and cloud capacity needed to build, run and deploy AI technologies, have seen a surge ‌in demand in recent years as enterprise adoption of AI picks up.

The fresh…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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