**NVIDIA Invests $2 Billion in CoreWeave to Expand AI Data Centers**
NVIDIA (NVDA) has made a significant investment in the artificial intelligence infrastructure sector by injecting $2 billion into CoreWeave (CRVW), a leading AI infrastructure firm. This strategic move aims to accelerate the buildout of AI data centers critical to the future of AI technologies.
CoreWeave announced the details of the investment in a recent press release, revealing that NVIDIA’s $2 billion contribution will be made through the purchase of CoreWeave’s Class A common stock at $87.20 per share. In return, CoreWeave plans to leverage both NVIDIA’s cutting-edge technology and financial support to expand its AI infrastructure capabilities.
The ambitious goal set by CoreWeave is to develop “five gigawatts of AI factories by 2030,” a target that will require substantial resources and industry collaboration. The partnership with NVIDIA is a key step toward achieving this vision, enabling CoreWeave to build new AI data centers designed to meet the rapidly growing demand for AI computing power.
CoreWeave’s CEO, Mike Intrator, expressed enthusiasm about the partnership, highlighting the potential impact of NVIDIA’s investment as the company prepares to scale its operations and execute its long-term plans.
On NVIDIA’s side, CEO Jensen Huang acknowledged that while the current investment represents an important start, it may not be sufficient on its own to realize the full five-gigawatt goal by 2030. Huang hinted that additional investments could be forthcoming as the collaboration progresses.
This partnership underscores the increasing synergy between AI hardware providers and infrastructure companies as they work together to build the backbone needed for next-generation artificial intelligence applications.
https://www.shacknews.com/article/147569/nvidia-nvda-2-billion-coreweave-crwv-ai-data-center-capacity
