NVIDIA-Backed CoreWeave Raises $7.5BIn Funding Round; Blackrock Leads

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The post NVIDIA-Backed CoreWeave Raises $7.5BIn Funding Round; Blackrock Leads appeared first on Coinpedia Fintech News

The Nvidia-backed CoreWeave, an AI cloud-computing startup has made headlines after it raised a whopping $7.5 billion, with Blackstone Inc. leading the financing round for CoreWeave, including Coatue, Carlyle, and BlackRock among other investment giants. It aims to boost its investment in cloud data centers amid a worldwide push for developing and pioneering AI technology taking its AI journey to new heights. Investors are drawn to CoreWeave as it is a major supplier of Nvidia’s AI chips, which are crucial for running AI models. Also, CoreWeave’s access to Nvidia’s GPUs has made it highly sought after in the global AI market.

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