ISTANBUL

Nvidia announced Monday that it will invest $2 billion in the artificial intelligence (AI) company CoreWeave to accelerate the establishment of more than five gigawatts of AI factories by 2030.

"The investment reflects NVIDIA’s confidence in CoreWeave’s business, team and growth strategy as a cloud platform built on NVIDIA infrastructure," Nvidia said in a statement.

The two companies also announced an extension of their long-standing complementary partnership, to help CoreWeave expedite the construction of more than 5 gigawatts of AI factories by 2030 and promote AI adoption globally.

“AI is entering its next frontier and driving the largest infrastructure buildout in human history,” said Jensen Huang, founder and CEO of NVIDIA. “CoreWeave’s deep AI factory expertise, platform software, and unmatched execution velocity are recognized across the industry."

CoreWeave CEO Michael Intrator emphasized that at every stage of AI, from pre-training to post-training, Nvidia is the most popular and sought-after computing platform, whereas Blackwell offers the least expensive inference architecture.

"This expanded collaboration underscores the strength of demand we are seeing across our customer base and the broader market signals as AI systems move into large-scale production," Intrator noted.

The statement added that the collaboration expands on CoreWeave's purpose-built cloud, software, and operational know-how, enabling clients to operate the most demanding AI workloads effectively, dependably, and at scale.

CoreWeave shares jumped around 9% at Monday's premarket trading after the announcement.

Building and renting out data centers filled with Nvidia's graphics processing units—which are essential for running massive AI workloads and training models—is CoreWeave's main source of income. The business, which some investors have labeled a "neocloud," has emerged as a key participant in a network of AI infrastructure partners that is becoming more linked.

In a September filing with the US Securities and Exchange Commission, CoreWeave revealed an order from Nvidia valued at least $6.3 billion. According to the deal, Nvidia must purchase the "residual unsold capacity through April 2032."