CoreWeave signs $1.17 billion AI agreement with Vast Data

ChainCatcher reported that CoreWeave has signed an AI agreement worth $1.17 billion with Vast Data, which is backed by Nvidia. Possibly influenced by this news, CoreWeave's US stock price surged nearly 4% in pre-market trading. According to the agreement, CoreWeave will use Vast as the primary data platform for its cloud infrastructure, which provides customers with access to graphics processing units (GPUs) for training and running artificial intelligence models. Vast stated that such contracts typically last three to five years, but declined to disclose detailed financial terms.