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Nvidia CEO's foundation buys $108 million of AI computing from CoreWeave, donates it to researchers

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The foundation of Nvidia CEO Jensen Huang and ‌his wife, Lori, is buying computing time from ‌CoreWeave and donating it to universities and other nonprofit institutes, according ​to a filing that valued the donation at $108.3 million so far. According to a filing on Tuesday, the computing resources will be used for science and artificial intelligence research. ‌Nvidia plans to offer ⁠free engineering services to some of the grant recipients, it said in the filing. While ⁠the gift demonstrates Huang's largesse, it also represents another support measure from Nvidia to CoreWeave, a cloud computing company ​that specializes ​in AI applications.

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Nvidia CEO's foundation buys $108 million of AI computing from CoreWeave, donates it to researchers | Steek AI Signal | Steek