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Cloud infrastructure firm CoreWeave has declared the initiation of its venture capital arm, dubbed 'CoreWeave Ventures.' This fund is dedicated to backing artificial intelligence startups. As a frontrunner among this year's most sought-after IPO prospects, CoreWeave is chiefly engaged in delivering cloud computing solutions tailored for artificial intelligence tasks. These solutions encompass the utilization of NVIDIA GPUs and top-tier storage systems. The freshly established fund is set to provide AI entrepreneurs with a versatile capital investment framework, entry to the CoreWeave cloud ecosystem, and strategic advice on product development and market positioning, drawing from its extensive partner network. Subsequent to this announcement, CoreWeave witnessed a 7.8% uptick in its stock value during pre-market trading sessions.
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