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CoreWeave has signed a $1.17 billion AI agreement with Vast Data, backed by Nvidia.
BlockBeats News, November 6th, according to Reuters, CoreWeave signed a $1.17 billion AI agreement with Vast Data, in which Nvidia has an investment. Following this news, CoreWeave's pre-market stock rose nearly 4%. Under the agreement, CoreWeave will use Vast as its primary data platform for its cloud infrastructure, providing customers with access to Graphics Processing Units (GPUs) for training and running artificial intelligence models. Vast stated that such contracts typically last for three to five years but declined to disclose detailed financial terms.
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