NVIDIA and CoreWeave, have announced an expansion of their partnership to enable the latter to build more than 5 GW of AI factories by 2030. NVIDIA has invested US$ 2 billion in CoreWeave Class A common stock at a purchase price of US$ 87.20 per share.
In a press release, NVIDIA revealed that the companies intend to build AI factories developed and operated by CoreWeave, using NVIDIA’s accelerated computing platform technology. They also plan to leverage NVIDIA’s financial strength to accelerate CoreWeave’s procurement of land, power and shell to build AI factories.
“AI is entering its next frontier and driving the largest infrastructure buildout in human history,” said Jensen Huang, founder and CEO of NVIDIA. “CoreWeave’s deep AI factory expertise, platform software and unmatched execution velocity are recognized across the industry. Together, we’re racing to meet extraordinary demand for NVIDIA AI factories — the foundation of the AI industrial revolution.”
“From the very beginning, our collaboration has been guided by a simple conviction: AI succeeds when software, infrastructure and operations are designed together,” said Michael Intrator, co-founder, chairman and CEO of CoreWeave. “This expanded collaboration underscores the strength of demand we are seeing across our customer base and the broader market signals as AI systems move into large-scale production.”
The collaboration builds on CoreWeave’s purpose-built cloud, software and operational expertise, and aims to extend capabilities to enable customers to run the AI workloads efficiently, reliably and at scale.