CoreWeave Announces Cloud Deal To Power Runway’s AI Video Generation Models
Synopsis
CoreWeave will power AI company Runway’s video models by leveraging Nvidia systems and CoreWeave AI Object Storage.
CoreWeave, Inc. (CRWV) announced that it has entered into an agreement with Runway to power the AI company’s video generation models.
The deal will leverage Nvidia’s NVIDIA GB300 NVL72 systems to train large-scale models and will also employ CoreWeave AI Object Storage to allow instant global accessibility for a single dataset without any transaction fees.
As a result of this deal, Runway will be able to train its latest AI models with high-throughput GPU performance without any geographical or cloud boundaries.
“AI is becoming core to how companies build and operate, and they need a cloud platform that can match that shift with performance, efficiency, security and scale. That’s CoreWeave,” said Brian Venturo, Co-Founder and Chief Strategy Officer of CoreWeave.
Shares of CRWV are down about 2.8% at the time of writing.
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