CoreWeave and Vast Data, an Nvidia-backed company, signed an AI agreement worth $1.17 billion.
2025-11-06 12:51
Odaily Planet Daily reports that CoreWeave has signed a $1.17 billion AI deal with Vast Data, a company invested in by Nvidia. This news may have contributed to CoreWeave's stock price surging nearly 4% in pre-market trading. Under the agreement, CoreWeave will use Vast as the primary data platform for its cloud infrastructure, which provides customers with access to graphics processing units (GPUs) for training and running artificial intelligence models. Vast stated that such contracts typically last three to five years but declined to disclose detailed financial terms. (Reuters)
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