CoreWeave co-founder Brian Venturo knows that three hedge fund guys, turned crypto miners, now running AI training infrastructure has been a wild ride.
Category: CoreWeave
CoreWeave, Global IT News, Global Security News, IPOs, Startups
CoreWeave prices its IPO to raise at least $2.2 billion. And now the games begin.
CoreWeave said on Wednesday that it hopes to sell its initial public shares between $47 and $55 per share, putting the money it may raise between about $2.2 billion and $2.6 billion. Word on the street is that CoreWeave wanted to raise at least $3 billion and possibly over $4 billion. But price range announcements…
AI, CoreWeave, Global IT News, Global Security News, Microsoft, openai
In another chess move with Microsoft, OpenAI is pouring $12B into CoreWeave
In a grandmaster-level chess move, OpenAI has signed a five-year, $11.9 billion agreement with the GPU-heavy cloud service provider CoreWeave, according to Reuters, which cites people close to the deal. The deal involves OpenAI receiving $350 million worth of equity in CoreWeave, the sources told Reuters. The private placement is said to be separate from…
AI, CoreWeave, Global IT News, Global Security News, IPO, nvidia
Ahead of a possible $4 billion IPO, CoreWeave’s founders already pocketed $488 million
CoreWeave’s initial S-1 document for its upcoming IPO is full of surprises. Backed by Nvidia, CoreWeave runs an AI-specific cloud service from its network of 32 data centers that together have more than 250,000 Nvidia GPUs as of the end of 2024, according to the company. Since then, it has also added a number of…
AI, CoreWeave, Global IT News, Global Security News, Mergers and Acquisitions, Weights & Biases
CoreWeave acquires AI developer platform Weights & Biases
Nvidia-backed data center company CoreWeave has acquired AI developer platform Weights & Biases for an undisclosed sum. According to The Information, CoreWeave spent $1.7 billion on the transaction. Weights & Biases was valued at $1.25 billion in 2023, and it recently filed for an IPO. Lukas Biewald, Chris Van Pelt, and Shawn Lewis founded Weights & Biases…