One chip giant and one cloud infrastructure upstart hit turbulence last Tuesday, but the pullbacks may offer compelling entry points for artificial intelligence (AI) investors.
CoreWeave, Inc. (Nasdaq: CRWV), The Essential Cloud for AI™, today announced the launch of its Zero Egress Migration (0EM) program — a true no-egress-fee data migration program — enabling customers to move large-scale datasets from third-party cloud providers directly to CoreWeave’s cloud without technical friction. Through 0EM, CoreWeave will cover egress fees for AI workloads from third-party cloud networks for the initial migration without additional egress fees. CoreWeave will offer a fully managed service ensuring secure, end-to-end validated, and high-speed data migrations.
CoreWeave, Inc. (Nasdaq: CRWV), The Essential Cloud for AI™, today announced that it entered into an agreement to increase its revolving credit facility from $1.5 billion to $2.5 billion and extend the maturity date from May 2028 to November 2029. The amended agreement provides enhanced flexibility and enables CoreWeave to support its growth initiatives.
