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.