CoreWeave has finalized a $9 billion all-stock acquisition of Core Scientific, which specializes in data center infrastructure. This acquisition enables CoreWeave to access over one gigawatt of data center capacity, providing enough energy to power more than 850,000 homes. The GPUs from Core Scientific, which previously supported Bitcoin mining, will now focus on training generative AI models. In the competitive landscape, cloud providers are expanding their data centers to meet the increasing demands of AI, as seen with OpenAI's significant capacity agreement with Oracle.
CoreWeave announced a $9 billion all-stock deal to acquire Core Scientific, significantly boosting its data center capacity for AI-related workloads and generative model training.
The acquisition will provide CoreWeave with over a gigawatt of data center power capacity, sufficient to support AI training and inference for numerous applications.
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