Nvidia and CoreWeave strengthen cooperation to accelerate AI factory construction

Glonghui, January 26｜Nvidia and AI cloud computing company CoreWeave announced an expansion of their long-term complementary partnership to help CoreWeave accelerate the construction of AI factories with a total capacity of over 5 gigawatts by 2030, thereby promoting the large-scale application of artificial intelligence globally. In addition, Nvidia has invested $2 billion to purchase CoreWeave's Class A common stock at a price of $87.2 per share. This investment reflects Nvidia's confidence in CoreWeave as a cloud platform built on Nvidia infrastructure, as well as in its business, team, and growth strategy. Nvidia CEO Jensen Huang stated that artificial intelligence is entering the next frontier and is driving the largest infrastructure buildout in human history. CoreWeave's deep expertise in AI factories, platform software, and unparalleled execution speed have been recognized in the industry. We are working together to meet the huge market demand for Nvidia AI factories.