CoreWeave's official financial statements or announcements

Microsoft to Invest $10 Billion in CoreWeave, Aiming for $17 Billion in Contracts and 4x Revenue Growth by 2025

Nov 1, 2024, 06:50 PM

CoreWeave, a data center company backed by Nvidia, is set to experience significant growth, largely driven by a substantial investment from Microsoft. The tech giant plans to invest approximately $10 billion in CoreWeave's data centers from 2023 through 2030 to support its AI initiatives. Microsoft has been identified as CoreWeave's largest customer, which is critical as the company aims to meet the increasing demand for AI capacity. CoreWeave has reported signed contracts worth $17 billion in total and anticipates a fourfold revenue increase to $8 billion by 2025. Other notable customers include Meta, Amazon, Google, and Oracle.