{"id":863184,"date":"2024-10-04T17:25:04","date_gmt":"2024-10-04T11:55:04","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=863184"},"modified":"2024-10-05T07:33:03","modified_gmt":"2024-10-05T02:03:03","slug":"cisco-set-to-invest-in-coreweave-at-23-bln-valuation-report","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/10\/04\/cisco-set-to-invest-in-coreweave-at-23-bln-valuation-report\/","title":{"rendered":"Cisco set to invest in CoreWeave at $23 bln valuation: Report"},"content":{"rendered":"<p>Cisco Systems is set to invest in CoreWeave, valuing the cloud services provider at $23 billion, according to a Bloomberg News report on Thursday, citing people familiar with the matter. <\/p>\n<p>Nvidia-backed CoreWeave has partnerships with AI startups and competing cloud providers to build clusters designed to power AI workloads.<br \/>\nCoreWeave CEO Michael Intrator had discussed a secondary transaction that would allow existing shareholders to sell up to $500 million worth of shares, Bloomberg News reported in September. <\/p>\n<p>A boom in artificial intelligence applications such as ChatGPT and training of large language models have boosted demand for cloud-computing services. <\/p>\n<p>Big tech firms have been investing heavily to bolster infrastructure to support the development of AI. <\/p>\n<p>Cisco did not immediately respond to a Reuters request for comment, while CoreWeave declined comment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cisco Systems is set to invest in CoreWeave, valuing the cloud services provider at $23 billion, according to a Bloomberg News report on Thursday, citing people familiar with the matter. Nvidia-backed CoreWeave has partnerships with AI startups and competing cloud providers to build clusters designed to power AI workloads. CoreWeave CEO Michael Intrator had discussed a secondary transaction that would allow existing shareholders to sell up to $500 million worth of shares, Bloomberg News reported in September. A boom in artificial intelligence applications such as ChatGPT and training of large language models have boosted demand for cloud-computing services. Big tech [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-863184","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/863184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=863184"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/863184\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=863184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=863184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=863184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}