CoreWeave Establishes AI Venture Capital Department to Expand High-Performance Computing Business

[Chain News] On September 9, it was reported by a certain information platform that CoreWeave (CRWV) announced the establishment of a venture capital division focused on early-stage artificial intelligence startups. This new fund, named CoreWeave Ventures, will focus on investing in startups that develop artificial intelligence tools, infrastructure, or applications. The company did not disclose how much funding will be allocated, but views this move as an extension of its broader mission to support high-performance computing in machine learning and generative artificial intelligence.

According to previous news, CoreWeave is acquiring the Bitcoin mining company Core Scientific (CORZ) in an all-stock deal valued at $9 billion. The merger plan was announced in July and is still awaiting approval from shareholders and regulatory authorities.

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GhostChainLoyalistvip
· 09-09 16:19
Fry to 9 billion, what is this going to do?
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DuskSurfervip
· 09-09 16:18
9 billion acquisition of mining companies, playing so big.
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Web3ExplorerLinvip
· 09-09 16:12
*adjusts glasses* hypothesis: coreweave's quantum leap from mining to ai vc is peak web3 evolution tbh
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GateUser-a5fa8bd0vip
· 09-09 16:07
The money-burning gameplay is here.
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LayerZeroHerovip
· 09-09 16:06
The technical architecture is quite something; I've tested a few sets of data already.
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SignatureCollectorvip
· 09-09 15:53
This mining company has big ambitions.
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