{"id":447647,"date":"2026-05-14T01:05:10","date_gmt":"2026-05-14T01:05:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/447647\/"},"modified":"2026-05-14T01:05:10","modified_gmt":"2026-05-14T01:05:10","slug":"nvidia-ceos-foundation-buys-108-million-of-ai-computing-from-coreweave-donates-it-to-researchers","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/447647\/","title":{"rendered":"Nvidia CEO&#8217;s foundation buys $108 million of AI computing from CoreWeave, donates it to researchers"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">By Max A. Cherney<\/p>\n<p class=\"yf-1fy9kyt\">SAN FRANCISCO, May 13 (Reuters) &#8211; The foundation of Nvidia CEO Jensen Huang and \u200chis wife, Lori, is buying computing time from \u200cCoreWeave and donating it to universities and other nonprofit institutes, according \u200bto a filing that valued the donation at $108.3 million so far.<\/p>\n<p class=\"yf-1fy9kyt\">According to a filing on Tuesday, the computing resources will be used for science and <a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:artificial intelligence;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;artificial intelligence&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a> research. \u200cNvidia plans to offer \u2060free engineering services to some of the grant recipients, it said in the filing.<\/p>\n<p class=\"yf-1fy9kyt\">While \u2060the gift demonstrates Huang&#8217;s largesse, it also represents another support measure from Nvidia to CoreWeave, a cloud computing company \u200bthat specializes \u200bin AI applications.<\/p>\n<p class=\"yf-1fy9kyt\">Nvidia designs \u200bthe graphics processing units, \u200cor GPUs, that CoreWeave offers customers. In January, Nvidia invested $2 billion in CoreWeave to become, at the time, the company&#8217;s second-largest shareholder.<\/p>\n<p class=\"yf-1fy9kyt\">Nvidia signed a $6.3 billion deal last year for cloud computing capacity with CoreWeave that guarantees the \u200cAI chip company will purchase \u200bany cloud capacity not sold to \u200bcustomers.<\/p>\n<p class=\"yf-1fy9kyt\">The chip giant \u200bhas drawn scrutiny for investing billions of \u200cdollars into AI firms including \u200bChatGPT maker <a href=\"https:\/\/www.yahoo.com\/organizations\/openai\/\" data-ylk=\"slk:OpenAI;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;OpenAI&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">OpenAI<\/a> \u200band neoclouds, raising investor concerns about potential circular financing.<\/p>\n<p class=\"yf-1fy9kyt\">CoreWeave raised the lower end of its capital spending \u200bforecast last \u200cweek when it reported results, citing higher prices \u200bof components.<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting by Max A. Cherney in San \u200bFrancisco; Editing by Cynthia Osterman)<\/p>\n","protected":false},"excerpt":{"rendered":"By Max A. Cherney SAN FRANCISCO, May 13 (Reuters) &#8211; The foundation of Nvidia CEO Jensen Huang and&hellip;\n","protected":false},"author":2,"featured_media":447648,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,218,219,2336,7856,61,60,233,80],"class_list":["post-447647","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-cloud-computing","tag-coreweave","tag-ie","tag-ireland","tag-nvidia","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/447647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=447647"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/447647\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/447648"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=447647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=447647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=447647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}