💨 Abstract

CoreWeave, an AI cloud platform provider backed by Nvidia, successfully completed a $650 million secondary share sale, tripling its valuation to $23 billion within a year. The increased interest in cloud infrastructure for AI and the demand for generative AI applications have driven this growth. Investors include Jane Street, Magnetar, Fidelity Management, and Macquarie Capital, among others.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖