Cloud computing provider CoreWeave plans to acquire AI developer platform Weights & Biases for $1.7 billion before its IPO

ChainCatcher news, according to Decrypt, cloud computing provider CoreWeave plans to acquire the AI developer platform Weights & Biases for $1.7 billion before its IPO.

ChainCatcher previously reported, citing sources familiar with the matter, that cloud computing provider CoreWeave is considering filing for an initial public offering in the U.S. within a week. According to sources, as one of the hottest startups in the AI sector, CoreWeave aims to raise approximately $4 billion through this listing. The sources indicated that CoreWeave's valuation target is expected to exceed $35 billion.