CoreWeave started life in 2017 as Atlantic Crypto, mining Ethereum with racks of GPUs, but the real acceleration hit in 2024, driven by deals with AI labs and enterprises needing scalable compute without building their own data centers. Revenue jumped from $229 million in 2023 to $1.9 billion. The March IPO priced at $40 per share but debuted flat at $23 billion valuation amid market jitters. Shares bottomed at $33 in April before rocketing 322% on AI hype, peaking at $187 per share in June.
Having started 2025 with a series of moves to boost its presence in the US, strengthen its position in industrial logistics, and extend its use and expertise in artificial intelligence (AI), UK-based autonomous vehicle (AV) technology company Oxa has extended its business relationship with AI leader Nvidia, with expanded use of the Nvidia Cosmos World Foundation Models and next-generation Nvidia Drive AGX Thor developer kits to accelerate the evolution of its self-driving software.
