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00:02CoreWeave shares rose 8.7% Wednesday after the AI cloud provider
00:06unveiling new tools to help programmers build AI agents, according to CNBC.
00:10The company said the tool allows automatic scaling of computing power
00:13and enables developers to train models 40% cheaper and faster
00:16than when using NVIDIA H100 GPUs locally, with no loss in model quality.
00:21Launch follows CoreWeave's $1 billion acquisition of weights and biases
00:24to strengthen its developer-focused AI offerings.
00:27CoreWeave is competing with major cloud providers like Amazon Web Services
00:30as companies rush to secure GPUs for AI development.
00:34OpenAI recently expanded its multi-year deal with CoreWeave by up to $6.5 billion.
00:39Almeda committed to spending $14.2 billion.
00:42The company also announced plans to acquire Core Scientific for $9 billion,
00:46though some shareholders are pushing back against the current terms.
00:49For all things money, visit Benzinga.com.
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