On June 27, Jin10 reported that CoreWeave is in talks to acquire Core Scientific. About a year ago, this artificial intelligence company attempted to acquire this digital infrastructure company but failed. According to insiders, if negotiations go smoothly, the deal could be finalized in the coming weeks. The specific terms of the negotiations are not yet clear, but Core Scientific has seen a rapid rise recently and may receive a substantial premium. CoreWeave provides cloud infrastructure for artificial intelligence capabilities and is a partner to several large tech companies. According to its IPO filing, Microsoft is its largest customer, accounting for 62% of CoreWeave’s revenue in 2024. CoreWeave acts as an intermediary, leasing the use of Nvidia GPUs for companies like Meta and IBM.
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