CoreWeave
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Nvidia Invests $250M in CoreWeave’s IPO to Grow AI Cloud
Key Takeaways: Nvidia is making a major investment in CoreWeave’s initial public offering (IPO) by buying $250 million worth of shares at $40 each. At first, CoreWeave planned to sell shares for $47 to $55 each, but it is now considering a lower price after talking with investors. The final decision hasn’t been made yet,…
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Microsoft Pulls Back on Agreement with CoreWeave
Microsoft has withdrawn some cloud agreements with CoreWeave because there were missed deadlines and delivery problems, days after prepares for a $35 billion initial public offering (IPO. Despite scaling back, Microsoft still holds multi-billion-dollar contracts with CoreWeave, which supplies cloud computing power for AI workloads using Nvidia chips. The reported move suggests Microsoft is adjusting…