Photo: economictimes.indiatimes.com
Vast Data Secures $1.17 Billion Deal to Power CoreWeave's AI Cloud Infrastructure
Vast Data has secured a $1.17 billion deal with CoreWeave to enhance its cloud computing infrastructure, crucial for supporting the growing demands of artificial intelligence applications.
- The $1.17 billion agreement between Vast Data and CoreWeave will leverage Vasts software as the main data platform for CoreWeaves cloud infrastructure.
- CoreWeaves cloud infrastructure will provide customers access to graphics processing units, essential for training and running complex artificial intelligence models.
- This partnership reflects the increasing demand for advanced cloud computing solutions, especially as companies like Nvidia drive innovation in the AI space.
Why It Matters
The deal underscores the rapid growth of the artificial intelligence sector and the critical role of cloud computing in delivering the necessary infrastructure. As demand for GPU access surges, investments like this highlight the strategic importance of partnerships in fostering technological advancements.