InfiniBand, popular in supercomputers, is known to generate high performance with low latency. (MSFT.O), (AMZN.O)ĬoreWeave aims to stand out by building its data centers differently for AI work, using a networking technology called InfiniBand to link computers together instead of Ethernet cables that are the current standard in most data centers, McBee said. and for potential acquisition opportunities, Brannin McBee, CoreWeave co-founder and chief strategy officer said in an interview.ĬoreWeave is in talks with lenders to raise debt for GPU purchases, he added, without giving details.ĬoreWeave previously focused on serving the cryptocurrency mining market but has seen sharp growth since moving toward AI, where several startups have raised more than $12 billion in a gold rush kicked off by ChatGPT in the first quarter of 2023.ĬoreWeave sells computing power to those AI companies, competing with cloud computing service providers such as Microsoft Azure and Amazon's AWS. The capital will be used to fund the company's expansion to build out six data centers across the U.S. The funding, which valued the company at more than $2 billion, comes weeks after CoreWeave raised $221 million from investors including Magnetar Capital and Nvidia (NVDA.O).ĬoreWeave specializes in providing cloud computing services based on graphics processing units (GPUs), the category of chip pioneered by Nvidia that has become central to artificial intelligence (AI) services like OpenAI's ChatGPT. May 31 (Reuters) - 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.
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