Nvidia-backed knowledge heart firm CoreWeave has acquired AI developer platform Weights & Biases for an undisclosed sum.
According to The Information, CoreWeave spent $1.7 billion on the transaction. Weights & Biases was valued at $1.25 billion in 2023, and it lately filed for an IPO.
Lukas Biewald, Chris Van Pelt, and Shawn Lewis based Weights & Biases in 2017 to create instruments for growing AI purposes. As we speak, over 1,400 organizations, together with AstraZeneca and Nvidia, use the startup’s instruments as their system of file for coaching and fine-tuning AI fashions.
CoreWeave says the acquisition will let it present cloud providers and infrastructure prospects with “a robust utility growth workflow to speed up AI roadmaps and produce improvements to market sooner.”
Weights & Biases’ prospects will be capable of proceed deploying workloads the place they like, CoreWeave said in a press release.