Organisation · company · US

CoreWeave

One of the largest "neocloud" providers, renting out Nvidia GPU capacity to AI labs and other firms that need large amounts of compute but do not want to build their own data centres.

8 entries · February 2022 – April 2026

CoreWeave is a cloud company that rents out Nvidia GPU capacity to AI labs and other firms that need large amounts of computing power but do not want to build their own data centres. It began in 2017 as a cryptocurrency-mining operation before pivoting to AI, and has grown into one of the largest of the so-called "neocloud" providers, closely tied to Nvidia, which is both an investor and its main hardware supplier. In March 2025 it completed the largest US technology IPO since 2021, though the stock closed flat on debut in what some read as caution about a business dependent on debt-financed chip purchases and a handful of big customers. Since then it has signed multi-billion-dollar capacity deals with the likes of OpenAI, Meta and Anthropic, and taken a further $2 billion investment from Nvidia.

Category
Compute, chips & infrastructure
Founded
2017
HQ
Livingston, US
Funding
Publicly listed (Nasdaq: CRWV) after a March 2025 IPO; backed by Nvidia
Key people
Michael Intrator

Appears alongside

Featured in threads

Tracks

  • Compute & infrastructure 6
  • Money & business 5
  • Government & policy 1
  • Open weights & ecosystem 1
  • Models & capabilities 1

  1. CoreWeave signs multi-year compute agreement with Anthropic

    The deal added CoreWeave to Anthropic's existing mix of AWS Trainium, Google TPU and Nvidia GPU capacity, but neither company disclosed a dollar figure or exact capacity.

    Compute & infrastructure

  2. CoreWeave and Meta sign $21bn expanded AI infrastructure agreement

    CoreWeave and Meta expanded their partnership in a deal worth about $21bn through 2032, including early deployment of Nvidia's next-generation Vera Rubin platform.

    Compute & infrastructure · Money & business

  3. Nvidia invests $2bn in CoreWeave, plans over 5GW of AI factories by 2030

    Nvidia bought $2bn of CoreWeave stock at $87.20 a share and the two companies said they would use Nvidia's balance sheet to speed procurement of land and power.

    Compute & infrastructure · Money & business

  4. CoreWeave expands OpenAI deal by up to $6.5bn, total contracts reach ~$22.4bn

    The third expansion of the pair's compute contracts in 2025, following March's $11.9bn deal and a $4bn add-on in May.

    Compute & infrastructure · Money & business

  5. US Senate Commerce Committee holds hearing on AI competitiveness with Sam Altman

    Witnesses from OpenAI, Microsoft, AMD and CoreWeave asked instead for faster permitting, energy access and calibrated export controls to help the US 'run faster' than China.

    Government & policy

  6. CoreWeave completes Nasdaq IPO, the largest US tech IPO since 2021

    Priced below its targeted range, the Nvidia-backed GPU cloud provider closed flat on debut, and the offer size fell short of expectations that had run as high as $50bn.

    Compute & infrastructure · Money & business

  7. CoreWeave signs $11.9bn AI infrastructure deal with OpenAI; OpenAI takes $350m stake

    The Nvidia-backed cloud provider's deal came weeks before its Nasdaq listing, and added to OpenAI's existing compute arrangements with Microsoft, Oracle and the Stargate venture.

    Compute & infrastructure · Money & business

  8. EleutherAI announces GPT-NeoX-20B

    EleutherAI released GPT-NeoX-20B, a 20-billion-parameter open model, its largest dense model to date and freely available via GitHub.

    Open weights & ecosystem · Models & capabilities

Also mentioned in 4 entries

Referenced in passing — CoreWeave isn't the main subject of these.