CoreWeave (CRWV.US) brings NVIDIA Corporation's GB300 chip to power Runway's video AI engine, giving it a "super heart."

CoreWeave (CRWV.US) announced on Thursday that it has signed an agreement with the artificial intelligence startup Runway to integrate its AI cloud solution into Runway's video generation models. Runway will utilize the NVIDIA Corporation (NVDA.US) GB300NVL72 system provided by CoreWeave for large-scale training and inference, and use W&B Models to achieve comprehensive observability of workloads. CoreWeave co-founder and Chief Strategy Officer Brian Venturo stated in a press release, "AI is becoming a core part of enterprise building and operations, requiring a cloud platform that can match it in performance, efficiency, security, and scale. That's where CoreWeave comes in. Runway has established itself as a pioneer in generative video in the tech industry and top creative studios in Hollywood. We are proud that they have chosen to trust CoreWeave to support their continued expansion and innovation in a rapidly growing industry." Runway co-founder and Chief Technology Officer Anastasis Germanidis added, "Runway's models are redefining every aspect from movie production to large-scale simulation engine training. This ambition requires a reliable, scalable AI cloud platform to accelerate our research and serve a wide range of customers. CoreWeave's integrated solution will be key to our rapid and efficient research, training, and productization. We look forward to unlocking new opportunities through this long-term strategic partnership." As of the time of writing, CoreWeave's stock was down 1% in after-hours trading. Earlier this year in March, CoreWeave completed its initial public offering (IPO) on the U.S. stock market, attracting investors who are hopeful for a comprehensive explosion of AI capital expenditures. The company, headquartered in Livingston, New Jersey, is one of AI chip superpower NVIDIA Corporation's closest partners, with its largest clients including OpenAI and Microsoft Corporation (MSFT.US). Recently, the company's management announced its latest fundraising plan to raise $2 billion by issuing convertible debt (convertible bonds). The company plans to use part of the raised funds for a derivative trade aimed at reducing the significant risk of dilutive cliff drops in its stock price if these bonds were to convert into stocks. The remaining funds will be used to help sustain the company's business operations.