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Nvidia has agreed to invest $2bn into cloud computing provider CoreWeave, in a bid to accelerate the rollout of AI data centres.
The two companies said on Monday that they would build more specialised data centres by 2030.
“CoreWeave’s deep AI factory expertise, platform software and unmatched execution velocity are recognised across the industry,” said Jensen Huang, chief executive of Nvidia.
“Together, we’re racing to meet extraordinary demand for Nvidia AI factories — the foundation of the AI industrial revolution.”
Nvidia, which previously invested in CoreWeave, invested at a price of $87.20 per share, the companies said.
Shares in CoreWeave, which listed last year, jumped 10 per cent to $101.80 in pre-market trading.
This is a developing story.