Ignoring shareholder opposition, CoreWeave (CRWV.US) is determined to proceed with the $9 billion acquisition of Core Scientific "at the same price."

Despite opposition from its main shareholders, CoreWeave company (CRWV.US) said it will not increase its $9 billion offer to acquire data center service provider Core Scientific Inc. The company's CEO Michael Intrator stated on Tuesday, "We believe the current offer we have made is reasonable for the company." "If there are other companies willing to step in, let them do so." CoreWeave is expanding its cloud service capacity through multiple acquisitions and adding new products and services. In July of this year, the company agreed to acquire Core Scientific for $9 billion, and has also completed several smaller acquisitions in areas such as reinforcement learning and industrial artificial intelligence. Prior to the shareholder vote on the transaction, some major investors in Core Scientific had publicly opposed CoreWeave's offer, citing it as undervalued. On Monday, shareholder advisory firm Institutional Shareholder Services Inc. advised investors of Core Scientific to reject the offer. "We still believe this transaction is reasonable. The final decision will be made by the shareholders' vote, but you will not see us increasing or sweetening the offer," added Intrator. CoreWeave provides artificial intelligence computational support for companies like OpenAI and Microsoft Corporation (MSFT.US) and is currently working on diversifying its customer base. Last month, the company reached a partnership agreement worth up to $14.2 billion with Meta Platforms (META.US). The New Jersey-based company reported that in the second quarter of this year, Microsoft Corporation contributed over 70% of its sales. Intrator stated that he expects new customers to enter the market, helping the company diversify its customer base. "But it's not going to be 20,000 customers all building base models," he said. "It just doesn't develop that way." CoreWeave belongs to the emerging camp of "neo-cloud service providers," which specialize in leasing the rights to use top AI chips. Its competitors include Nebius Group (NBIS.US) and Nscale Global Holdings. Since its initial public offering (IPO) in March of this year, CoreWeave's stock price has risen by over 200% - driven by the intense competition among major tech companies to develop the most advanced AI models, leading to a surge in computational demand. The company has also reached a $6.3 billion agreement with shareholder NVIDIA Corporation (NVDA.US): NVIDIA Corporation has agreed to acquire excess computational power that is not being used by CoreWeave's customers. Against the backdrop of cloud service providers expanding rapidly, this agreement helps to strengthen CoreWeave's financial position and reduce the risk of unsold computational power. Despite many artificial intelligence companies, including CoreWeave, still operating at a loss, tech giants are investing billions of dollars in data centers and advanced AI chips. This investment frenzy has sparked concerns in the market about a potential "trillion-dollar AI bubble."