CoreWeave, considered the largest publicly traded ‘neocloud’ name, offers cloud computing services specifically for AI workloads, such as providing Nvidia GPUs and high-performance storage to companies.<\/p>\n
Its newly announced “CoreWeave Ventures” fund will offer founders an array of capital investment models, provide access to the CoreWeave cloud platform, and give insights on product and go-to-market strategies based on CoreWeave’s existing partnerships, the company said in a press release<\/a>. CoreWeave Ventures has nine portfolio companies at launch and is in talks with others to scale soon, the company told CNBC.<\/p>\n Shares popped 8% shortly after market open.<\/p>\n Stock Chart IconStock chart icon CoreWeave this year<\/p>\n “Our aim with CoreWeave Ventures is to give other audacious, like-minded founders the support they need to drive technical advancements and bring to market the next class of innovation,” Brannin McBee, CoreWeave co-founder and chief development officer, said in the release.<\/p>\n CoreWeave, which itself is backed by Nvidia, is the latest example of a tech giant turning to the growing world of startups in an effort to gain more exposure to early-stage AI innovation. AI startups in the first half of the year<\/a> alone raised $104.3 billion in the U.S., nearly matching all of 2024.<\/p>\n Shares of CoreWeave also got a lift earlier Tuesday after neocloud competitor Nebius<\/a> closed a five-year deal with Microsoft worth $19.4 billion<\/a> to supply computing power to the hyperscaler, suggesting demand for AI infrastructure remains strong.<\/p>\n CoreWeave has been a volatile stock. Shares went public at $40 a share in late March and then rallied to a high of $187 a share in June as retail traders clamored for a new AI name besides Nvidia to invest in. The stock has since pulled back and closed Monday at $93.55 a share. Shares are down roughly 38% year to date.<\/p>\n","protected":false},"excerpt":{"rendered":"CoreWeave Inc. signage in Times Square in New York, US, on Friday, May 9, 2025. Yuki Iwamura |…\n","protected":false},"author":2,"featured_media":125363,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[554,733,4308,4117,273,21321,467,59441,4140,86,56,54,55],"class_list":["post-125362","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-breaking-news-markets","tag-business-news","tag-coreweave-inc","tag-markets","tag-nebius-group-nv","tag-nvidia-corp","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/125362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=125362"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/125362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/125363"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=125362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=125362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=125362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
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