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CoreWeave Scales Back IPO to $2.7 Billion
- CoreWeave plans to raise approximately $2.7 billion in an IPO backed by Nvidia.
- The IPO's size and valuation target are lower than anticipated due to market volatility.
- CoreWeave reported revenue of $1.9 billion in 2024 and a net loss of $863 million.
- CoreWeave has secured partnerships with OpenAI and plans to acquire Weights & Biases.
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