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Coreweave
October 3, 2024
Coreweave Unicorn News - October 04, 2024
Cisco Systems has made a significant investment in Coreweave, valuing the cloud services provider at $23 billion. This investment highlights the growing importance of cloud computing in the tech industry, particularly for AI-driven applications.
() Introduction
() Cisco Set to Invest in CoreWeave at $23 Billion Valuation
Cisco Systems has announced a substantial investment in CoreWeave, a cloud services provider, which has led to the company being valued at $23 billion. This investment highlights the growing significance and valuation of cloud computing services, particularly as the demand for artificial intelligence (AI) applications, such as ChatGPT, continues to surge. Cisco's strategic move is part of a larger industry trend where established technology companies are increasingly investing in specialized cloud services to take advantage of the expanding AI market. This development signifies Cisco's dedication to enhancing its presence in the cloud computing sector and capitalizing on the opportunities presented by the AI boom.
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