CoreWeave, an AI firm closely partnered with bitcoin miner Core Scientific, has filed for an initial public offering (IPO) with an aim to raise $4 billion and achieve a valuation of over $35 billion. The company's revenue in 2024 reached $1.9 billion, resulting in a net loss of $863 million due to investments in AI. CoreWeave plans to build 500 megawatts of infrastructure for AI with the help of Core Scientific, its previous GPU supplier. As demand for AI increases, CoreWeave believes the industry will have a significant economic impact by 2030. Following the IPO filing, shares of Core Scientific have increased by 3.5% in post-market trading.



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