Coreweave, recently valued at $23 billion, is establishing itself as a key player in computing resources for AI. Microsoft is reportedly a major user of its on-demand GPU computing services.
Michael Dell announced on Linkedin that he had delivered the first servers integrating the GB200 “superchip” to the start-up Coreweave. More precisely, these are fully integrated GB200 NVL72 racks, benefiting from liquid cooling technology, a booming field.
As a reminder, the GB200 “superchip”, already used by Microsoft, introduces a notable break from the Hopper architecture of the powerful H100 and H200 chips. The new generation adopts a multi-chip design, integrating two B200 GPUs and a Grace processor in a single package.
The racing machines now available to Coreweave will undoubtedly also be used by Microsoft. Founded in 2017, the American start-up operates data centers designed for AI. According to the firm based near New York, its infrastructure equipped with state-of-the-art and highly available GPUs is accessible on demand to train and refine AI models. “Our customers often view our DevOps and infrastructure engineers as an extension of their own team,” this preferred Nvidia partner explains on its website.
Microsoft will invest around 10 billion in Coreweave services
Natively integrating Kunbernetes, Coreweave’s infrastructure promises fast startup times as well as automatic, responsive scaling. Arguments that appeal to providers of offers using AI, but also to hyperscalers. Coreweave’s competitor with Azure, Microsoft also uses its services. According to the specialized media Data Center Dynamics, which refers to an article in The Information, Microsoft will invest around 10 billion dollars in Coreweave services by the end of the decade. Expenses motivated by the fact that the Redmond firm is struggling to find enough GPU servers to meet demand.
Initially created to mine cryptocurrencies, Coreweave now stands out as a unicorn having benefited from the AI boom. Now valued at $23 billion, it recently closed a $650 million financing deal. The New Jersey firm had already completed a $1.1 billion Series C round last May. According to The Information, an IPO is planned for the end of the year.
Note that Coreweave also operates data centers in Europe and intends to expand its presence on the continent. In June, the scale-up announced it would invest $2.2 billion to open three new data centers in Norway, Sweden and Spain before the end of 2025.
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