Latest news with #AIHyperscaler
Globe and Mail
3 days ago
- Business
- Globe and Mail
CoreWeave Reports Strong Q2 2025 Results Amid AI Demand
CoreWeave, Inc. Class A ( (CRWV)) has released its Q2 earnings. Here is a breakdown of the information CoreWeave, Inc. Class A presented to its investors. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. CoreWeave, Inc., known as the AI Hyperscaler™, provides advanced cloud solutions for accelerated computing, catering to enterprises and AI labs globally. The company has reported a robust second quarter for 2025, showcasing significant growth in revenue and strategic partnerships. CoreWeave's revenue for the second quarter of 2025 reached $1.21 billion, a substantial increase from $395.37 million in the same period last year, driven by high demand for AI infrastructure and strategic deals, including a $4 billion expansion with OpenAI. Despite the impressive revenue growth, the company reported a net loss of $290.51 million, though this was an improvement from the previous year's loss of $323.02 million. The company's adjusted EBITDA stood at $753.17 million, reflecting strong operational performance. CoreWeave continues to expand its AI infrastructure capabilities, highlighted by the completion of a major acquisition and the development of a new data center campus. Looking ahead, CoreWeave remains optimistic about its growth trajectory, focusing on scaling its platform to meet the increasing demand for AI solutions.
Business Wire
16-07-2025
- Business
- Business Wire
Weights & Biases Announces Availability of W&B Weave in the New AWS Marketplace AI Agents and Tools Category
LIVINGSTON, N.J.--(BUSINESS WIRE)--Weights & Biases by CoreWeave (NASDAQ: CRWV), a leading provider of tools to help customers evaluate, monitor, and iterate on agentic AI applications, today announced the availability of W&B Weave in the new AI Agents and Tools category of AWS Marketplace. Customers can now use AWS Marketplace to easily discover, buy, and deploy AI agent solutions, including Weights & Biases' AI observability tools using their AWS accounts, accelerating agent and agentic workflow development. W&B Weave helps organizations continuously improve quality and safety, confidently roll out new reasoning models, and collaborate securely, enabling customers to develop agentic workloads on dedicated AWS instances. 'We are excited to offer W&B Weave in the AWS Marketplace, giving customers a faster, more streamlined way to access our AI agent development tools,' said Robin Bordoli, VP of Revenue at Weights & Biases. 'Teams across industries like finance, life sciences, and telecoms are already using W&B Weave to build production-grade agents for code generation, research analysis, and customer support – demonstrating the platform's real-world impact.' W&B Weave delivers essential capabilities including traces, evaluations, monitoring, and guardrails. These features enable customers to iterate and deliver agentic workflows with confidence. With the availability of AI Agents and Tools in AWS Marketplace, customers can significantly accelerate their procurement process to drive AI innovation, reducing the time needed for vendor evaluations and complex negotiations. With centralized purchasing using AWS accounts, customers maintain visibility and control over licensing, payments, and access through AWS. To learn more about W&B Weave in AWS Marketplace, visit Amazon's website here, and to learn more about the new Agents and Tools category in AWS Marketplace, visit Amazon's website here. About CoreWeave CoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company's technology provides enterprises and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers across the US and Europe. CoreWeave was ranked as one of the TIME100 most influential companies and featured on Forbes Cloud 100 ranking in 2024. Learn more at
Yahoo
28-03-2025
- Business
- Yahoo
CoreWeave Announces Pricing of Initial Public Offering
LIVINGSTON, N.J., March 27, 2025 /PRNewswire/ -- CoreWeave, Inc. ("CoreWeave"), the AI Hyperscaler™, announced today the pricing of its initial public offering of 37,500,000 shares of its Class A common stock at a public offering price of $40.00 per share. The offering consists of 36,590,000 shares of Class A common stock to be sold by CoreWeave and 910,000 shares of Class A common stock to be sold by existing stockholders (the "Selling Stockholders"). CoreWeave will not receive any proceeds from the sale of shares of Class A common stock by the Selling Stockholders. The shares are expected to begin trading on the Nasdaq Global Select Market on March 28, 2025 under the ticker symbol "CRWV." The offering is expected to close on March 31, 2025, subject to the satisfaction of customary closing conditions. In addition, CoreWeave has granted the underwriters a 30-day option to purchase up to an additional 5,625,000 shares of Class A common stock to cover over-allotments at the initial public offering price, less underwriting discounts and commissions. Morgan Stanley, J.P. Morgan, and Goldman Sachs & Co. LLC are acting as joint lead bookrunners for the offering. Barclays, Citigroup, MUFG, Deutsche Bank Securities, Jefferies, Mizuho, Wells Fargo Securities, and BofA Securities are acting as joint bookrunners for the offering. Guggenheim Securities, M. Klein & Company, Macquarie Capital, Needham & Company, Santander, Stifel, and Galaxy Digital Partners LLC are acting as co-managers for the offering. A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on March 27, 2025. The offering is being made only by means of a prospectus. A copy of the final prospectus may be obtained, when available, from: Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or email: prospectus-eq_fi@ or Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282 or by emailing prospectus-ny@ This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About CoreWeave, Inc. CoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company's technology provides enterprises and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers across the US and Europe. Media Contact: Colleen Hsia, press@ View original content: SOURCE CoreWeave Sign in to access your portfolio
Yahoo
03-03-2025
- Business
- Yahoo
CoreWeave Files Registration Statement for Proposed Initial Public Offering
LIVINGSTON, N.J., March 3, 2025 /PRNewswire/ -- CoreWeave, the AI Hyperscaler™, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of shares of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. CoreWeave has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "CRWV." Morgan Stanley, J.P. Morgan, and Goldman Sachs & Co. LLC will serve as joint lead bookrunners for the proposed offering. Barclays, Citigroup, MUFG, Deutsche Bank Securities, Jefferies, Mizuho, Wells Fargo Securities, and BofA Securities will serve as joint bookrunners. Guggenheim Securities, Needham & Company, and Galaxy Digital Partners LLC will serve as co-managers for the proposed offering. The proposed offering will be made available only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or email: prospectus-eq_fi@ or Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282 or by emailing prospectus-ny@ A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About CoreWeaveCoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company's technology provides enterprises and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers across the US and Europe. View original content: SOURCE CoreWeave
