CoreWeave has secured up to $8.5 billion in financing to expand its artificial intelligence infrastructure. The funding will support the growth of its data centre network and cloud services.

The company has seen strong demand for computing power driven by the rapid growth of AI technologies. Businesses are increasingly relying on cloud platforms for large-scale data processing.

Major financial institutions including Morgan Stanley and MUFG were involved in structuring the deal. This reflects strong investor confidence in AI infrastructure.

The financing brings CoreWeave’s total funding commitments to around $28 billion over the past year. This highlights the scale of investment flowing into AI-related businesses.

Analysts say the move underscores the growing importance of cloud infrastructure in supporting AI development. Demand for computing capacity is expected to continue rising globally.

Source: Reuters