CoreWeave (CRWV.US) brings Nvidia GB300 chip to power Runway's video AI engine into a “super heart”

The Zhitong Finance App learned that CoreWeave (CRWV.US) announced on Thursday that it has signed an agreement with AI startup Runway to introduce its AI cloud solution into Runway's video generation model. Runway will use the Nvidia (NVDA.US) GB300NVL72 system provided by CoreWeave for large-scale training and inference, and use W&B Models to achieve full observability of the workload.

Brian Venturo, co-founder and chief strategy officer of CoreWeave, said in a statement: “Artificial intelligence is becoming the core of how businesses are built and operated, and they need a cloud platform that matches it in terms of performance, efficiency, security, and scale. This is CoreWeave. Runway has established itself as a pioneer in generative video in the tech industry and among Hollywood's top creative studios. We're proud they chose to trust CoreWeave to support their continued scaling and innovation in an expanding industry.”

Anastasis Germanidis, co-founder and chief technology officer of Runway, added: “Runway's model is redefining everything from film production to large-scale simulation engine training. This ambition requires a reliable, scalable artificial intelligence cloud platform to accelerate our research and serve a broad range of customers. CoreWeave's integrated solutions will be the key to our rapid and efficient research, training, and commercialization. We look forward to unlocking new opportunities through this long-term strategic partnership.”

As of press time, CoreWeave's overnight trading fell slightly by 1%.

CoreWeave previously completed its initial public offering (IPO) in the US stock market in March of this year, attracting investors who want to bet on the full explosion of AI capital expenditure. The company is headquartered in Livingston (Livingston), New Jersey, and is one of the closest partners of AI chip superpower Nvidia. Its largest customers include OpenAI and Microsoft (MSFT.US).

Recently, the company's management announced the latest funding plan to raise 2 billion US dollars by issuing debts (that is, convertible bonds) that can be converted into shares. The company plans to use part of the capital raised to conduct a derivatives transaction aimed at reducing the significant risk of a dilution cliff fall in the price of these bonds if converted to shares. The rest of the money will be used to help maintain the company's business operations.