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CoreWeave stock climbs 10% on Anthropic deal
CoreWeave (CRWV) stock closed out the trading day 10% higher on Friday after the company announced it is entering a multiyear agreement with Anthropic (ANTH.PVT) that will see the AI cloud company provide Anthropic with computing capabilities to build and power its AI models.
CoreWeave said Anthropic will use its cloud services to run workloads at “production scale,” and that it will initially focus on a phased rollout with the option to expand the agreement in the future. The companies didn’t provide the terms of the deal, including pricing or how many gigawatts of chips it will cover.
The announcement comes after Reuters reported that Anthropic is also considering designing its own semiconductors to contend with the AI chip crunch.
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