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COREWEAVE TO POWER AI TRAINING ON PRIVATE BIOTECH DATA WITHOUT MOVING THE DATA $CRWV signed a multi-year deal with Harell Data to run AI training, fine-tuning and inference on Nvidia GPUs inside Harell’s secure platform. Proprietary scientific datasets stay inside Harell’s environment rather than being handed over to model developers. Models train against the data in place, and only the resulting model leaves the platform. Harell is also building a marketplace around the system, where data owners earn revenue when their datasets are used for training, while model builders can earn fees when others use the models they create. The platform is initially focused on proprietary biotech and biology datasets that can be difficult to share because of their value and sensitivity.
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COREWEAVE INCREASES PRICE OF CONVERTIBLE SENIOR NOTES OFFERING TO $3.7 BILLION FROM $3.0 BILLION.
CoreWeave $CRWV announced that it has brought a multi-rack $NVDA Vera Rubin NVL72 cluster online, spanning hundreds of Rubin GPUs in a scale-out cluster.
CoreWeave is raising funds through a $3 billion convertible bond issue and a vehicle for potential share sales. Ed Ludlow has more
CoreWeave launches $3 billion convertible debt sale
CoreWeave, a provider of computing that powers artificial intelligence systems, plans to raise $3 billion from convertible bonds
CoreWeave $CRWV announced this morning plans to issue $3B of convertible senior debt
COREWEAVE SHARES TURN NEGATIVE, HIT SESSION LOW OF 1.4%
*COREWEAVE PROPOSES $3B CONVERTIBLE SENIOR NOTES OFFERING *COREWEAVE SHARES TURN NEGATIVE, HIT SESSION LOW OF 1.4%
CoreWeave says it signed short-dated Q3 contracts at roughly $40M per MW, while continuing to contract new compute capacity at higher prices since June 30.