AI Startup CoreWeave Soars on $7 Billion GPU Infrastructure Deal
Summary
CoreWeave, an AI cloud computing startup specializing in GPU infrastructure, saw its stock soar over 50% after securing a $7 billion lease deal with Applied Digital, cementing its position as a major player in the rapidly growing AI industry.
Key Points
- CoreWeave Inc, an AI cloud computing startup, saw its stock surge over 50% after securing a $7 billion lease deal with Applied Digital for providing GPU infrastructure.
- The company specializes in offering cloud-based graphics processing units to AI developers and enterprises, and also develops chip management software.
- CoreWeave operates its own data centers in the US and Europe, including a $1.6 billion supercomputer data center for Nvidia described as the fastest AI supercomputer in the world.