Data centre operator CoreWeave is preparing to file for an initial public offering as early as next week that would value the company at more than $35bn and is expected to be one of the biggest artificial intelligence listings of the year.
The New Jersey-based start-up is aiming to raise $4bn from the IPO. A former cryptocurrency mining operation, it was an early and prolific buyer of Nvidia’s graphics processing units (GPUs), with about 300,000 of the chips that are now the world’s hottest commodity for powering AI models.
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