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CoreWeave Lands Multibillion-Dollar AI Deal
27 Aug
Summary
- CoreWeave secured a multiyear, multibillion-dollar AI cloud agreement.
- Hudson River Trading, a top quantitative firm, is the new major client.
- The deal validates CoreWeave's high-performance infrastructure for AI.
CoreWeave has secured a major multiyear, multibillion-dollar agreement with Hudson River Trading, a prominent quantitative trading firm. This partnership involves building a state-of-the-art AI research platform on CoreWeave's cloud infrastructure.
Hudson River Trading's demanding requirements for speed and low-latency computing underscore the significance of this validation for CoreWeave. The firm will leverage CoreWeave's platform, including NVIDIA Vera Rubin NVL72 systems, for its AI-driven trading research and model development.
This deal reinforces CoreWeave's position in the AI sector, especially as the company reported a substantial revenue backlog of $104.2 billion at the end of Q2, with additional commitments exceeding $25 billion early in Q3.
