CoreWeave Inks $14b Meta Deal, Highlighting AI Demand
CoreWeave Inc. has signed a deal to supply Meta Platforms Inc. with as much as $14.2 billion worth of computing power, underscoring the massive costs of developing and running advanced AI models. CoreWeave's stock has more than tripled in value since its March initial public offering as the race among major technology companies to build the most advanced AI models sends computing demand soaring. Co-host of Bloomberg Tech Ed Ludlow joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to br ...