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CoreWeave, a cloud computing provider that’s among the hottest startups in the artificial intelligence race, is in talks to arrange a sale of existing shares valuing the company at $23 billion, Bloomberg News reports. The valuation has increased from $19.1 billion in May. Shareholders may sell up to $500 million worth of shares. Nvidia has invested more than $100 million in CoreWeave, which offers chips for hire to companies needing cloud computing capacity.
Cloud-computing firm CoreWeave in talks for share sale at $23 billion valuation
Cloud-computing firm CoreWeave in talks for share sale at $23 billion valuation https://t.co/kr9WRmVRXc via @business
🔵 COREWEAVE IN TALKS FOR SHARE SALE AT $23 BILLION VALUATION, BLOOMBERG NEWS REPORTS Cloud computing provider CoreWeave, among the hottest startups in the artificial intelligence race, is in talks to arrange a sale of existing shares, valuing it at $23 billion, Bloomberg News…