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CoreWeave to acquire Core Scientific in $9b deal

The artificial-intelligence company, which went public earlier this year, said the deal will help it verticalize its data center footprint, resulting in revenue growth and enhanced profitability.

“This acquisition accelerates our strategy to deploy AI and high-performance computing workloads at scale,” Chief Executive Michael Intrator said Monday. He added that the purchase will enable CoreWeave to improve its operating efficiency and de-risk future expansion.