Nvidia's favorite child is hot! CoreWeave signs a $14.2 billion cooperation protocol with Meta, CRWV big pump 13%

CoreWeave, an AI cloud service provider hailed as the 'Nvidia's favorite child', announced that it has reached a collaboration agreement worth $14.2 billion with tech giant Meta. Inspired by this news, CoreWeave's stock price saw a big pump. (Background: CoreWeave renews $6.5 billion order with OpenAI! Three contracts totaling $22.4 billion, CRWV has surged 238% this year) (Background: Nvidia's favorite child is not doing well! Core Scientific's 'largest shareholder' rejects CoreWeave's acquisition: $9 billion valuation is too low) According to Bloomberg, CoreWeave, known as 'Nvidia's favorite child', announced on September 30 that it has reached a collaboration agreement worth $14.2 billion with tech giant Meta. As part of the agreement, CoreWeave will provide Meta with Nvidia's latest GB300 systems, and these high-performance computing resources will help Meta accelerate its AI application development to meet the growing market demand for artificial intelligence technology. CoreWeave's stock price soared after this news; it jumped before the market opened on September 30 and quickly surged to $140 after the opening, with an intraday increase of up to 13%, pushing its market capitalization over $70 billion. CoreWeave secured a $22.4 billion order from OpenAI this year. Notably, CoreWeave just announced last week that it has further deepened its cooperation with AI giant OpenAI, signing a new contract worth $6.5 billion, bringing the total value of agreements between the two parties to $22.4 billion. Looking back at March this year, CoreWeave signed a preliminary cloud contract worth $11.9 billion with OpenAI, focusing on providing GPU computing resources to support OpenAI's AI model training. Subsequently, in May, both parties added a $4 billion expansion contract, solidifying the foundation of their cooperation. The latest $6.5 billion contract continues this trend and is expected to help OpenAI meet the rapidly growing computing demands and drive the expansion of large-scale data center projects. Related reports: Nvidia's favorite child CoreWeave announces $9 billion acquisition of Bitcoin mining company Core Scientific, at a 66% premium. 'Nvidia's favorite child' CoreWeave is rumored to acquire Bitcoin mining company Core Scientific, with CORZ's stock price jumping 33%. Nvidia supports it, with a four-year valuation of $8 billion! What exactly is CoreWeave? <Nvidia's favorite child is hot! CoreWeave signs a $14.2 billion collaboration agreement with Meta, CRWV surges 13%> This article was first published in BlockTempo, the most influential blockchain news media.