NVIDIA-backed CoreWeave to Invest $23 billion on AI infrastructure in 2025

News Snapshot:

NVIDIA-backed CoreWeave, a cloud computing company, plans to invest $20 to $23 billion in 2025 on AI infrastructure and data center capacity to meet rising customer demands, including those from Microsoft. In its first quarter of 2025 results, the company highlighted continued rapid scaling of its purpose-built AI Infrastructure, including adding new compute capacity, totalling approximately 420 MW of active power and approximately 1.6 GW of contracted power at quarter end. According to the reports, the company’s projected capital expenditure of between $3 billion and $3.5 billion for the second quarter was way above its revenue expectation of $1.06 billion...