Nvidia is expanding its collaboration to build AI-dedicated data centers by investing an additional $2 billion (about 2.9 trillion won) in data center operator CoreWeave. The two companies also signed a $6.3 billion (about 9 trillion won) cloud computing capacity supply deal in Sep. last year.
Nvidia said on the 26th (local time) that it will broaden its cooperation with CoreWeave and accelerate the construction of more than 5 gigawatts (GW) of "AI factories (AI-specialized data centers)" by 2030. Nvidia invested $2 billion by purchasing CoreWeave Class A common shares at $87.20 per share.
Nvidia said the investment reflects its confidence in CoreWeave's business model, management, and growth strategy, which have grown based on Nvidia's infrastructure. CoreWeave operates large-scale data centers equipped with Nvidia chips in the United States and Europe and provides cloud capacity rental services.
The two companies plan to strengthen cooperation on data center infrastructure, software, and platforms to meet surging AI demand. CoreWeave will build AI factories using Nvidia's accelerated computing platform, and Nvidia will leverage its financial strength to support securing land, power, and buildings.
They are also considering including CoreWeave's AI-dedicated software and reference architecture in Nvidia's standard designs for cloud partners. Nvidia plans early deployment of next-generation products at CoreWeave data centers, including the Rubin platform, the Vera central processing unit (CPU), and the BlueField storage system.
This is the first time Nvidia has offered a CPU as a standalone product, which some see as a signal that it could challenge Intel and AMD in the data center market.
Meanwhile, after news of the investment broke, CoreWeave shares jumped nearly 10% in premarket transaction on the New York Stock Exchange.