NVIDIA invests $2 billion in CoreWeave to accelerate data center development

PANews January 28 News, according to Reuters, NVIDIA announced it has invested $2 billion in AI infrastructure provider CoreWeave, becoming its second-largest shareholder to accelerate collaboration in data center construction in the United States. The investment was made at a price of $87.20 per share, increasing NVIDIA’s holdings by approximately 23 million shares and significantly boosting its ownership percentage. CoreWeave stated that the funds will be used to accelerate land and power procurement, research and development, and team expansion, rather than purchasing NVIDIA processors. The company’s goal is to build over 5 gigawatts of AI data center capacity by 2030. CoreWeave initially was a cryptocurrency mining company but has now transformed into a “new cloud” service provider that rents NVIDIA GPUs to tech and AI companies.