In early 2023, invested $100 million in CoreWeave, a cloud computing services provider that specializes in AI infrastructure. Originally a cryptocurrency mining firm, CoreWeave pivoted to offering cloud-based GPU computing, making it a key partner for companies that require large-scale AI processing power.
CoreWeave has rapidly grown into a leading provider of AI computing resources, particularly for companies working with AI models and large-scale neural networks. Major clients, including Microsoft, rely on CoreWeave’s infrastructure to meet the increasing computational demands of AI-driven applications. The company expects its revenue to exceed $2 billion in 2024, with projections indicating it could quadruple by 2025. Nvidia’s investment in CoreWeave strengthens its grip on the AI cloud computing market and ensures continued demand for its high-performance GPUs.