CoreWeave (CRWV.US) has become the first cloud service provider to deploy NVIDIA Corporation's (NVDA.US) new GPUs on a large scale.

Data center cloud service company CoreWeave (CRWV.US) announced that it has deployed thousands of NVIDIA Corporation (NVDA.US) Grace Blackwell (GB200) graphics processing units (GPUs), becoming the world's first large-scale cloud service provider to offer this new type of GPU. This announcement was made jointly by the two companies. Currently, many artificial intelligence companies, including Cohere, IBM (IBM.US), and Mistral AI, have started to adopt the NVIDIA Corporation GB200 NVL72 system. Cohere, based in Canada, focuses on developing large language models (LLMs) for enterprises. They stated that the training performance based on the GB200 GPU has reached three times that of NVIDIA Corporation's previous generation Hopper GPU. Cohere's Vice President of Engineering, Autumn Moulder, commented, "This upgrade has brought significant performance improvements to our entire technology stack - whether running vertically integrated North applications on a single Blackwell GPU, or scaling up to large-scale training tasks with thousands of GPUs, there has been a leap in efficiency." Meanwhile, IBM is using the Grace Blackwell rack system to train its next-generation enterprise Granite AI models. Sriram Raghavan, Vice President of Artificial Intelligence Research at IBM, stated, "Collaborating with CoreWeave will further enhance IBM's technical capabilities, helping to build more advanced, high-performance, and cost-effective AI models to support IBM's watsonx platform for enterprise and agent artificial intelligence applications." Additionally, Paris-based Mistral AI has become one of the first customers to train and deploy models on the new system. Co-founder and CTO of the company, Timothee Lacroix, noted, "Without any additional optimization, we have observed a 2x improvement in intensive model training performance." CEO and co-founder of CoreWeave, Michael Intrator, stated, "CoreWeave is committed to accelerating technological iteration. This pioneering large-scale deployment of the most advanced systems once again confirms our commitment." Although the new service has been launched, market response has been disappointing. As of last Tuesday's close, CoreWeave's stock price fell nearly 7%, continuing to decline after hours by 2.4%. While NVIDIA Corporation's stock price saw a slight increase of 1.35% on Tuesday, it declined by over 6% after hours.