CoreWeave Completes Acquisition of Weights & Biases

CoreWeave has completed its acquisition of Weights & Biases, as announced in a press release. This strategic move aims to enhance CoreWeave's AI Cloud Platform by integrating Weights & Biases' developer tools, thereby accelerating AI innovation.

The acquisition is expected to strengthen CoreWeave's capabilities in powering AI labs and enterprises with a platform designed to develop, deploy, and iterate AI faster. CoreWeave's CEO, Michael Intrator, expressed confidence in the combined potential of the two companies to push the boundaries of AI capabilities.

Weights & Biases co-founder Lukas Biewald highlighted the benefits of the merger, emphasizing the commitment to interoperability and the potential for unlocking new features by merging hardware and software layers. The collaboration aims to empower developers with enhanced tools and resources for AI development.

Financial advisors for the acquisition included Evercore and Morgan Stanley for CoreWeave, and Qatalyst Partners for Weights & Biases, with legal advice provided by Davis Polk & Wardwell LLP and Orrick, Herrington & Sutcliffe LLP, respectively.