The chip giant deepens its partnership with CoreWeave to accelerate the buildout of massive AI data centers as artificial intelligence reshapes global power needs.
BySofia Chierchio,
Contributor.
Nvidia is investing $2 billion in CoreWeave, extending their relationship as energy demand surges to support the buildout of AI data centers.
Nvidia purchased CoreWeave Class A common stock at $87.20 per share to accelerate the building of 5 gigawatts of AI factories by 2030.
Shares of CoreWeave jumped 12% after the announcement.
Nvidia purchased CoreWeave Class A common stock at $87.20 per share.
CoreWeave has secured more business from Nvidia, which is an investor in the company and its main source of chips for running AI…
The company, which itself is backed by Nvidia, is the latest example of a tech giant turning to the growing world of AI startups.
Nvidia-backed AI data center company CoreWeave reports earnings for the first time since its volatile public debut in March.
CoreWeave is now sitting on a backlog of nearly $67 billion in revenue, with business from Meta and OpenAI.
On top of deals with Meta and OpenAI, CoreWeave pointed to expansions from a large unnamed customer in the third quarter.
Nvidia vuelve a tirar de chequera: invierte 2.000 millones de dólares en CoreWeave y amplía su alianza estratégica
