According to PANews, CoreWeave has announced the establishment of a venture capital division dedicated to early-stage artificial intelligence startups. The new fund, named CoreWeave Ventures, will focus on investing in startups developing AI tools, infrastructure, or applications. While the company has not disclosed the amount of funding allocated, it views this initiative as an extension of its broader mission to support high-performance computing in machine learning and generative AI.
Previously, CoreWeave revealed plans to acquire Bitcoin mining company Core Scientific in a $9 billion all-stock transaction. The merger, announced in July, is still pending approval from shareholders and regulatory authorities.