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WSJ: CoreWeave in Talks to Acquire Core Scientific
Summary: According to The Wall Street Journal, CoreWeave is currently in talks to acquire Core Scientific. About a year ago, this artificial intelligence company attempted to acquire the digital infrastructure company, but the deal fell through. Sources indicate that as long as negotiations proceed smoothly, the transaction could be finalized in the coming weeks. The specific ...
According to The Wall Street Journal, CoreWeave is currently in talks to acquire Core Scientific. About a year ago, this artificial intelligence company attempted to acquire the digital infrastructure company, but the deal fell through. Sources indicate that as long as negotiations proceed smoothly, the transaction could be finalized in the coming weeks. The specific terms of the negotiations are currently unclear, but Core Scientific has experienced rapid growth recently and may command a significant premium. CoreWeave provides cloud infrastructure for artificial intelligence capabilities and is a partner to several large tech companies. According to its IPO filing, Microsoft is its largest customer, accounting for 62% of CoreWeave's revenue in 2024. CoreWeave acts as an intermediary, leasing Nvidia graphics processing units to companies like Meta and IBM.
