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CoreWeave to Acquire Monolith, Expanding AI Cloud Platform into Industrial Innovation

1. CoreWeave announces acquisition of Monolith AI to enhance AI capabilities. 2. This merger may significantly improve CoreWeave's industrial AI platform.

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$133.8510/06 04:35 PM EDTEvent Start
$133.8510/06 07:22 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition of Monolith AI boosts CoreWeave's technological capabilities and market position, similar to how previous successful mergers like Nvidia's acquisition of Mellanox increased their product offerings and stock price.

How important is it?

The acquisition is a significant development in CoreWeave's growth strategy, enhancing their offerings and competitive edge in the rapidly expanding AI sector.

Why Long Term?

The integration of Monolith's capabilities will likely yield substantial benefits over time, reflecting how similar strategic acquisitions in tech have led to sustained growth.

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NVDAAMDGOOGLMSFT
LIVINGSTON, N.J. & LONDON--(BUSINESS WIRE)--CoreWeave, Inc. (Nasdaq: CRWV), the AI Hyperscaler™, today announced an agreement to acquire Monolith AI Limited, a pioneer in applying artificial intelligence and machine learning to solve complex physics and engineering challenges. Combining Monolith's simulation and test-driven machine learning capabilities with CoreWeave's purpose-built AI cloud enables the combined companies to offer a full-stack platform for industrial and manufacturing enterpri.

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