Specialized cloud computing provider CoreWeave has raised $200 million in funding from its existing investor Magnetar Capital, highlighting investor interest in backing infrastructure powering the generative AI boom. The funding, which valued the company at more than $2 billion, comes weeks after CoreWeav
Specialized cloud computing provider CoreWeave has raised $200 million in funding from its existing investor Magnetar Capital, highlighting investor interest in backing infrastructure powering the generative AI boom.
CoreWeave specializes in providing cloud computing services based on graphics processing units , the category of chip pioneered by Nvidia that has become central to artificial intelligence services like OpenAI's ChatGPT. CoreWeave is in talks with lenders to raise debt for GPU purchases, he added, without giving details.
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