Browsing: CoreWeave

Cloud AI infrastructure provider CoreWeave is set to acquire AI model development firm Weights & Biases, fueling its path to a Nasdaq IPO.

A new agreement between OpenAI and CoreWeave, a GPU-heavy cloud service provider, could indicate a strain in the relationship between OpenAI and its previous sole cloud provider, Microsoft.

The company is expected to raise $4 billion at a $35 billion valuation.

Microsoft has reportedly reduced its commitments to cloud computing provider CoreWeave due to fulfillment issues and delays, according to a Financial Times report. The move does not appear linked to broader shifts in Microsoft’s data center strategy.

Cloud computing company CoreWeave, which pivoted from crypto mining to AI infrastructure, has filed for an IPO after a year of massive revenue growth.

With the tech sector facing uncertainty in 2025, the upcoming IPO of AI infrastructure provider CoreWeave could be a major catalyst for growth, according to industry experts.