CEO Michael Intrator affirmed that CoreWeave is expanding its specialized cloud computing infrastructure for AI to meet the growing demand for computing and strengthen the US's leading position in this field.
The announcement was made at the Pennsylvania Energy and Innovation Summit in Pittsburgh, chaired by Republican Senator Dave McCormick. The event was attended by former President Donald Trump, senior officials and many business leaders.
Here, Google also announced a plan to invest $25 billion in data centers and AI infrastructure, and spend $3 billion to upgrade two hydropower plants in the state.
Since its listing at the end of March, CoreWeave shares have increased by more than 250%. The company specializes in leasing access to Nvidia's AI chips.
Last week, CoreWeave also announced a $9 billion acquisition of Core Scientific data center infrastructure provider, which will expand access to real estate and power.
CoreWeave said the deal would help cut costs by $10 billion in the future.
