Cisco is reportedly close to investing in Nvidia-backed AI startup CoreWeave
Cisco Systems Inc. is close to investing in artificial intelligence startup CoreWeave in a deal that values the company at $23 billion, Bloomberg reported Friday, citing people with knowledge of the matter.
Roseland, N.J.-based CoreWeave already counts AI giant Nvidia Corp., Magnetar Capital, Coatue Management, Jane Street and Fidelity as investors. The cloud-computing provider was an early adopter of Nvidia’s graphics chips for data centers, said the report.