CoreWeave, a prominent cloud-computing provider in the artificial intelligence sector, has officially filed for an initial public offering (IPO). The company, backed by Nvidia Corp., disclosed its financial performance in a filing with the U.S. Securities and Exchange Commission on Monday. CoreWeave reported revenue of $1.9 billion in 2024, accompanied by a net loss of $863 million. This marks a significant increase compared to the previous year, where the company recorded revenue of $229 million and a net loss of $594 million. The rapid growth in revenue underscores the company’s expanding role in the AI-driven cloud computing market. — news from Bloomberg
