CandleFocus Nvidia-backed CoreWeave To Acquire AI Developer Platform Ahead of IPO
2025-03-05
Author: Content Editor
Cloud computing firm CoreWeave has announced plans to acquire AI developer platform Weights & Biases for $1.7 billion. The deal is expected to close in the first half of 2025. Weights & Biases is a popular platform used by AI developers to manage machine learning workflows. CoreWeave aims to integrate its cloud computing services with Weights & Biases' tools to provide a more seamless experience for AI developers. This acquisition comes shortly after CoreWeave filed for an IPO, with an expected valuation of over $35 billion and plans to raise $4 billion. Additionally, CoreWeave has partnered with bitcoin miner Core Scientific to build 500 MW of infrastructure for AI-related purposes.
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