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Exclusive: Nvidia-backed Vast Data inks $1.17 billion AI deal with CoreWeave
Reutersยท 2025-11-06 12:05
Core Viewpoint - AI startup Vast Data has entered into a $1.17 billion commercial agreement with cloud provider CoreWeave, which signifies an extension of their existing partnership and highlights the growing demand for infrastructure that supports artificial intelligence [1] Company Summary - Vast Data is focusing on expanding its capabilities in the AI infrastructure space through this significant agreement with CoreWeave [1] - The partnership aims to enhance the infrastructure necessary for AI applications, reflecting the increasing reliance on cloud services for AI development [1] Industry Summary - The agreement underscores the rising demand for AI-related infrastructure, indicating a robust growth trajectory in the AI sector [1] - Cloud providers like CoreWeave are becoming essential partners for AI startups, as they provide the necessary resources to support advanced AI technologies [1]