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CoreWeave (NASDAQ: CRWV) saw its shares soar by 46.5% in June 2023, driven by growing optimism around AI-related growth and impressive benchmarks achieved using Nvidia’s new Blackwell chips. The company, which went public in March under scrutiny, submitted MLPerf Training v5.0 benchmarks featuring 2,496 Nvidia GPUs, outpacing competitors with a cluster that is 34 times larger than the only other major submission.
CoreWeave’s infrastructure enabled training on the large 405 billion-parameter Llama 3.1 model in just 27.3 minutes—more than twice as fast as the other submission. This positioning may give CoreWeave a competitive edge, bolstered by an $11.9 billion deal with OpenAI in March 2023, while also being heavily reliant on Nvidia for its operations.
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