Nvidia CEO Jensen Huang and his wife are donating $108.3 million worth of AI computing time sourced from CoreWeave to universities for research. The move directly supports academic AI work while also reinforcing CoreWeave, an Nvidia-backed AI cloud provider that has secured major cloud capacity deals.
CoreWeave has topped revenue expectations, driven by surging demand for its high performance cloud and computing services. These capabilities are increasingly essential for training and deploying artificial intelligence models. The company also landed major deals with Meta, Jane Street, and Anthropic, strengthening its position as a central player in the race to build AI infrastructure.
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Oracle and CoreWeave shares fell sharply in premarket trading after a report suggested OpenAI missed targets for new users and revenue. The shortfall is raising investor concern about OpenAI’s future growth and whether it can bankroll upcoming computing deals. Markets are watching closely for how the AI giant’s next moves will ripple through its tech partners.
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