The deal will mix CoreWeave’s infrastructure and managed cloud services with Weights & Biases’ platform, which is used for AI model training, analysis, and monitoring, the corporate stated.
Weights & Biases’s product is utilized by expertise corporations together with OpenAI and Meta to construct and prepare AI fashions and develop and deploy AI functions.
The businesses didn’t disclose monetary phrases of the deal.
Expertise information web site The Data reported the deal could possibly be valued at round $1.7 billion, citing unnamed sources.
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CoreWeave and Weights & Biases didn’t instantly reply to Reuters’ request for touch upon the Data report.
Uncover the tales of your curiosity
Roseland, New Jersey-based CoreWeave earlier this week moved forward with its itemizing plans this yr and reported a greater than eight-fold surge in 2024 income. CoreWeave, whose prospects embrace hedge fund Jane Road, in addition to tech giants Meta, IBM and Microsoft, is anticipated to goal for a valuation better than $35 billion in its New York flotation, Reuters beforehand reported.
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