Microsoft's multi-year deal with CoreWeave is reportedly worth billions as the firm sought secure enough computing power to support OpenAI’s ChatGPT chatbot.
The Series B was led by Magnetar Capital, with participation from long-standing strategic partner NVIDIA.
The firm stated in April that the capital would be used to expand its cloud infrastructure which is focused on a wide range of computational workloads such as artificial intelligence, machine learning, visual effects and rendering, to name a few.
“Ppl make fun of ‘crypto to AI pivots’ but CoreWeave went from mining ETH to using their fleet to do compute for AI and now they're worth $2b+... one of the fastest growing companies in the world right now.” ETH is what put them in business. interestingly, they wouldn't have been in business if the merge had been on time. because the merge was so delayed, they were able to scale up while planning for the next thing.
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