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Monday interview with CNBC Jim Kramer. Buiss CEO Michael Intator said he distinguishes his company from peers Oracle.
“Oracle has its own set of products they offer, and they are a formidable competitor,” the Iractor said, explaining that Coreweave competes with Oracle in artificial intelligence infrastructure. “From our situation, we really believe that over time, what will distinguish us from anyone else is … a program stack that drives the performance we can achieve in our infrastructure.”
According to Intrator, Coreweave built its program stack from scratch and made decisions based on optimization. He also said that the company did not “try to include any hereditary technology” or “include success or failure history.”
Buiss announced Monday intends to purchase data infrastructure provider Basic scientific for approximately 9 billion dollars. To the close, Coreweaave decreased by 3%, and the main scientific fell more than 17%.
The deal means presentation This eliminates $ 10 billion in future rental commitments. The acquisition has also gained Coreweave to electricity, giving the company the possession of 1.3 gigawato power within the Core Scientific Data Center.
The iris said Coreweave works with Core Scientific, and that the acquisition will create a larger company that is “capable of creating and expanding the proposals that Coreweave brings the most demanding AI customers”. He added that there is a “wide demand” for the product, infrastructure and calculation that drives the II.
“The market will take some time to understand the degree of our business and the differentiation related to how we go to launch the software management,” the intrater said.
