Overview
- The Jen-Hsun and Lori Huang Foundation, in a filing Tuesday, disclosed it has bought $108.3 million of CoreWeave computing time so far to give to academic and nonprofit researchers for science and AI work.
- Nvidia said some recipients may also receive free engineering support, which could help teams set up systems and run large models more efficiently.
- The donation extends a tight business link between Nvidia and CoreWeave after a $2 billion Nvidia investment in January and a separate $6.3 billion capacity agreement last year that backs unsold CoreWeave cloud supply.
- CoreWeave, a cloud provider built for AI workloads using Nvidia GPUs, recently reported first-quarter revenue of $2.08 billion and a revenue backlog of $99.4 billion.
- Investors have questioned whether Nvidia’s funding of AI firms and so-called neoclouds creates circular financing, where money given to partners can return through chip purchases.