CoreWeave Acquires Weights & Biases for $1.7B Boost in AI Sector

Coin WorldWednesday, Mar 5, 2025 10:46 am ET

1min read

Cloud computing firm CoreWeave has announced its intention to acquire AI developer platform Weights & Biases, a strategic move aimed at bolstering its infrastructure offerings in the rapidly expanding AI sector. The acquisition, valued at $1.7 billion, is expected to close in the first half of 2025.

Weights & Biases, valued at $1.25 billion in 2023, has become a staple in the AI development community, with researchers and engineers utilizing its tools to manage complex machine learning workflows. By integrating Weights & Biases' tools with its cloud computing services, CoreWeave aims to provide a more seamless experience for AI developers.

The acquisition comes just days after CoreWeave filed for an initial public offering (IPO) on Tuesday, with the company expected to raise $4 billion and achieve a valuation of more than $35 billion. CoreWeave has also partnered with bitcoin miner core scientific to build 500 megawatts (MW) of infrastructure for AI-related purposes.

CoreWeave, a cloud-based AI infrastructure startup backed by nvidia, has agreed to acquire AI developer platform Weights & Biases in a strategic move ahead of its planned IPO. The acquisition, valued at $1.7 billion, is expected to strengthen CoreWeave's position as a comprehensive platform for AI development, covering computing power and model management.

The acquisition comes as CoreWeave prepares for its IPO, with Nvidia, the AI accelerator market leader, having invested in the company in 2023. Weights & Biases, founded in 2017, serves more than 1,000 customers, including leading AI developers and researchers. The acquisition is expected to close in the near future.

The deal underscores the growing demand for AI development platforms and the increasing importance of AI in various industries. As AI continues to evolve, companies like CoreWeave and Weights & Biases are well-positioned to capitalize on the growing market for AI tools and services.

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