The Cloud Computing Company Coreweave plans to acquire AI Developer Platform weights and biases as it seeks to strengthen its infrastructure offerings in the fast-expanding AI sector.
The deal, which is expected to close in the first half of 2025, costs Coreweave $ 1.7 billion, according to a report from the information.
Weight and parties that were valued at $ 1.25 billion by 2023 have become a staple in the AI ​​development society, with researchers and engineers who used its tools to control complex machine learning work.
By acquiring the company, Coreweave aims to integrate its cloud computing services with Weights & Biases’ tools that offer a more trouble -free experience for AI developers.
The acquisition comes only a few days after the Cloud Computing provider submitted an initial public offer (IPO) on Tuesday, with the company expected to raise $ 4 billion with a valuation of more than $ 35 billion.
Coreweave also tapped Bitcoin Miner Core Scientific (Corz) to build 500 megawatts (MW) infrastructure for AI-related purposes.
