CoreWeave launches venture capital arm focused on early-stage AI startups

CoreWeave (CRWV) announced the establishment of a venture capital department focused on early-stage artificial intelligence startups. This new fund, named CoreWeave Ventures, will focus on investing in startups developing artificial intelligence tools, infrastructure, or applications. The company did not disclose how much funding will be invested, but sees this as an extension of its broader mission to support high-performance computing for machine learning and generative artificial intelligence.

In previous news, CoreWeave is in the process of acquiring the bitcoin mining company Core Scientific (CORZ) in a $9 billion all-stock deal. The merger, announced in July, is still pending approval from shareholders and regulatory authorities.