CoreWeave, a leading AI-focused GPU cloud provider, has raised $650 million from major investors, including Jane Street, Magnetar, and Fidelity, signaling strong market confidence. CEO Mike Intrator highlighted the backing as a testament to CoreWeave’s pivotal role in AI workload management. The company plans 28 global data centers by 2024, with expansion into public markets anticipated in 2025 at a potential $23 billion valuation.