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Nvidia-backed CoreWeave seeks stake sale at up to $8 bln valuation: Report, ET Telecom

Coreweave: The Roseland, New Jersey-based company is working with an adviser as it looks for buyers for a roughly 10% equity stake at a valuation of between $5 billion and $8 billion, the people told Bloomberg News requesting anonymity, adding the terms have not been finalized yet. ....

New Jersey Based , Bloomberg News , Oreweave Stake Sale , Technology News ,

Nvidia-Backed CoreWeave Seeks Stake Sale at Up to $8 Billion Valuation

(Bloomberg) CoreWeave, a cloud computing provider that’s becoming one of the hottest startups in the artificial intelligence race, is exploring a minority stake sale that values the company at as much as $8 billion or more, according to people with knowledge of the matter. Most Read from BloombergUS Health Officials Urge Moving Pot to Lower-Risk CategoryStocks Up Again in ‘Bad News Is Good News’ World: Markets WrapSingapore S$1 Billion Laundering Scandal Embroils Its Banking GiantsFed Ramps U ....

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CoreWeave Completes Conductor Cloud-Based Rendering Service Integration

Customers can now access expansive compute resources including NVIDIA RTX A5000-A6000 graphic cards for VFX, animation, and motion graphics workloads; check out the demo at SIGGRAPH 2023, running August 6-10 in LA. ....

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Nvidia: CoreWeave raises $2.3 billion in debt collateralized by Nvidia chips

COREWEAVE-FUNDING/CoreWeave raises $2.3 billion in debt collateralized by Nvidia chips ....

United States , Michael Intrator , Magnetar Capital , Krystal Hu , Coreweave Raises ,

CoreWeave raises $2.3 billion in debt collateralized by Nvidia chips, ET Telecom

Coreweave: Other lenders in the facility include Coatue and DigitalBridge, as well as BlackRock, PIMCO, and Carlyle . The unusual use of Nvidia H100, the sought-after chip that powers AI computing as collateral, highlights the value of such hardware in the capital-intensive AI arms race. ....

United States , Michael Intrator , Magnetar Capital , Artificial Intelligence , Nvidia H100 , Magnetar Capital ,