Michael Intrator, CEO of the American company CoreWeave, called the technology giant Oracle a "serious competitor" in the field of infrastructure solutions for artificial intelligence. According to him, the companies overlap in the fight for a share in the fast-growing high-performance computing market, but he considers the key advantage of CoreWeave to be its own software architecture.
The intrator emphasized that CoreWeave developed its software stack from scratch, focusing on performance and scalability. The company, according to him, does not integrate outdated technologies and does not use other people's solutions related to previous successes or failures in the industry. This approach allows it to flexibly adapt to the needs of customers in the field of AI.
Against the background of statements about strategic plans, CoreWeave announced the takeover of the infrastructure company Core Scientific. The deal is valued at approximately $ 9 billion. Against the background of the news, CoreWeave shares fell by more than 3%, while Core Scientific quotes fell by 17%.
The acquisition will bring significant operational benefits to CoreWeave. The company will eliminate the cost of renting capacity in a number of data centers and reduce future lease obligations by about $ 10 billion. In addition, it will have direct access to 1.3 gigawatts of total energy capacity in the United States — a key resource for developing computing centers and AI infrastructure.
The intrator noted that the companies had cooperated before, and the deal is a logical continuation of these relations. The combined structure will expand CoreWeave's offerings and better serve customers who need high-performance AI solutions.
According to him, the global demand for AI infrastructure and computing power continues to grow. He also stressed that it will take time for the market to fully appreciate the scale of CoreWeave's business and the benefits of the company's unique approach to creating and managing a computing architecture.
