Cisco Invests in CoreWeave

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Big tech firms

Reuters

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Cisco set to invest in CoreWeave at $23 billion valuation, Bloomberg News reports (Oct. 3)

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Nvidia-backed CoreWeave has partnerships with AI startups and competing cloud providers to build clusters designed to power AI workloads.

A boom in artificial intelligence applications such as ChatGPT and training of large language models have boosted demand for cloud-computing services.

Big tech firms have been investing heavily to bolster infrastructure to support the development of AI .

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