Nvidia has agreed to invest USD 2 billion in cloud computing provider CoreWeave, in a move aimed at accelerating the deployment of data centers dedicated to artificial intelligence, according to the Financial Times. The two companies announced on Monday that they plan to build multiple AI-focused data centers by 2030, in response to surging demand for computing capacity.
“CoreWeave’s deep expertise in AI factories, platform software, and speed of execution is recognized across the industry. Together, we are accelerating our response to the extraordinary demand for Nvidia AI factories, the foundation of the AI industrial revolution,” said Jensen Huang, Chief Executive Officer of Nvidia.
Read also: Microsoft Accelerates Development of Its Own AI Chips: Dependence on Nvidia and AMD Fades
Nvidia, which had previously invested in CoreWeave, made the latest investment at a price of USD 87.20 per share, the companies said in a joint statement. CoreWeave, which went public last year, reacted positively to the announcement, with its shares rising by 10% to USD 101.80 in pre-market trading.
The investment strengthens the strategic partnership between Nvidia and CoreWeave, as demand for large-scale AI infrastructure continues to grow rapidly. CoreWeave specializes in cloud services optimized for AI workloads and is one of the key providers deploying Nvidia’s advanced chips in large data center environments.
By backing CoreWeave, Nvidia is reinforcing its position not only as the world’s leading supplier of AI hardware, but also as a central player in the global build-out of AI data center infrastructure, a segment expected to see sustained growth over the next decade.
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