Core Scientific on Monday announced a 12-year agreement with cloud provider CoreWeave to provide infrastructure for use cases such as machine learning. Core Scientific said the agreement is an extension of the two companies' existing partnership and will bring in more than $3.50 billion over the contract period.
Backed by Nvidia, CoreWeave leases the graphics processing units (GPUs) used to train and run artificial intelligence models. CoreWeave was valued at $19 billion in a funding round last month. Core Scientific will provide about 200 trillion watts of infrastructure to CoreWeave's operations.
Core Scientific Signs 11-Year Contract With CoreWeave, Potential Revenue Over $3.50 billion
2024-06-04 01:44:22
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