Cloud computing firm CoreWeave has plans to acquire AI developer platform Weights & Biases, aiming to strengthen its infrastructure offerings in the rapidly growing AI sector.
The acquisition, valued at $1.7 billion, is anticipated to close in the first half of 2025, according to a report by The Information.
Valued at $1.25 billion in 2023, Weights & Biases has established itself as a crucial resource within the AI development community. Its tools are widely used by researchers and engineers for managing complex machine learning workflows.
By integrating Weights & Biases’ advanced tools with its cloud computing services, CoreWeave seeks to create a more cohesive and seamless experience for AI developers, fostering innovation and efficiency in their projects.
This acquisition follows closely on the heels of CoreWeave’s filing for an initial public offering (IPO) on Tuesday, aiming to raise $4 billion with an estimated valuation exceeding $35 billion.
Additionally, CoreWeave has partnered with bitcoin miner Core Scientific (CORZ) to develop 500 megawatts (MW) of infrastructure specifically dedicated to AI-related applications.
As CoreWeave continues to expand its footprint in the cloud computing and AI sectors, the acquisition of Weights & Biases is poised to enhance its competitive edge, providing everything from cutting-edge cloud services to tools that empower developers in the evolving landscape of artificial intelligence.
