News Summary

CoreWeave has announced a significant acquisition of Core Scientific in a $9 billion all-stock deal. This acquisition grants CoreWeave access to over a gigawatt of data center capacity, which will be utilized for AI training and inference workloads. The deal signifies a major shift for Core Scientific, transitioning its GPUs from Bitcoin mining to supporting generative AI models. This move is part of a broader trend among cloud infrastructure providers, who are expanding their data center capacities to meet the growing computational demands of AI companies.