CoreWeave in Talks for $23 Billion Valuation Share Sale, Nvidia Invested $100 Million

Sep 13, 2024, 02:52 PM

CoreWeave, a cloud computing provider that’s among the hottest startups in the artificial intelligence race, is in talks to arrange a sale of existing shares valuing the company at $23 billion, Bloomberg News reports. The valuation has increased from $19.1 billion in May. Shareholders may sell up to $500 million worth of shares. Nvidia has invested more than $100 million in CoreWeave, which offers chips for hire to companies needing cloud computing capacity.