Reported about 14 hours ago
CoreWeave, an AI cloud platform based in New Jersey, plans to achieve a valuation exceeding $35 billion during its U.S. IPO expected in 2025. The company aims to raise over $3 billion from this offering, amidst a surge in investor interest in generative AI and rising demand for data centers and high-powered servers. CoreWeave competes with giants like Microsoft Azure and Amazon AWS, and recently completed a secondary share sale valuing it at $23 billion.
Source: YAHOO