Coreweave announced on March 11 that it had concluded a five -year value of a value of up to $ 11.9 billion with OpenAI, the non -profit research and development company that created Chatgpt. Thanks to the agreement, Openai will become an investor in Coreweave thanks to the issue of $ 350 million in shares, while Coreweave will provide IA infrastructure.
The agreement comes on the initial public offer of Coreweave (IPO) planned. According to its filing of the offer, the company, founded in 2017 in Livingston, New Jersey, said $ 1.9 billion in revenues with a net loss of $ 863 million in 2024. Coreweave provides a GPU infrastructure based on the AI developers.
https://www.youtube.com/watch?v=fykm3ka_lzu
The new agreement can give Coreweave a boost, because approximately two thirds of the company’s revenues come from Microsoft, which had planned to spend $ 10 billion for Coreweave by 2030. According to a financial Times report, Microsoft canceled this with the IA company due to missed deadlines, although Coreweave refused this.
In relation: Core Scientific to accommodate more Coreweave infrastructure, targets income of $ 8.7 billion
The main competitors of Corewave are Amazon, Oracle and Google, as well as small customers Datacrunch, Lambda and Foundry.
The AI cloud market should increase by 30.9% of TCAC until 2030
The cloud artificial intelligence market should grow considerably in the coming years, according to Fortune Business Intelligence. In 2022, market size was estimated at $ 46.7 billion. By 2030, it should be $ 398 billion. The annual growth rate made up during this period is estimated at 30.9%.
AI Cloud implies a combination of cloud computing and artificial intelligence services that companies can use to theoretically increase their income. Some of the aspects of a company on which these services affect include scalability, predictive analysis and cost savings by not having to build their own model of AI.
In relation: Saudi Arabia is associated with technology giants in an ia expansion of $ 14.9 billion
There are also budding integrations with AI Cloud and Blockchain. As Cointelegraph has reported, one of the challenges of integration of AI and blockchain is scalability and treatment power, that cloud computing platforms aim to help. These integrations can also have an impact on the web3 game.
But, although the merger of these technologies is promising, there are roadblocks, including the centralization of the Cloud Computing industry.
Review: Creation of the “good” act which will not kill us all – artificial alliance of superintelligence of crypto
