Specialised cloud computing provider CoreWeave has raised US$200 million in funding from its existing investor Magnetar Capital, highlighting investor interest in backing infrastructure powering the generative artificial intelligence (AI) boom. The funding, which valued the company at more than US$2 billion, comes weeks after CoreWeave raised US$221 million from investors including Magnetar Capital and Nvidia. CoreWeave specializes in providing cloud computing services based on graphics processing units (GPUs), the category of chip pioneered by Nvidia that has become central to artificial intelligence (AI) services like OpenAI's ChatGPT.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-05-31-story-h-269510248-Cloud_computing_firm_CoreWeave_raises_another_US_200m_amid_AI_boom

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