Pure Storage, CoreWeave Partners to Boost AI in Cloud Infrastructure -- Shares Fall

MT Newswires Live

2024/11/14

Pure Storage (PSTG) said Wednesday it has entered a strategic partnership with CoreWeave to scale artificial intelligence in cloud infrastructure.

As part of the collaboration, Pure Storage has agreed to make a strategic investment in CoreWeave, although the amount or other financial details were not disclosed.

The collaboration integrates Pure Storage's high-performance storage solutions as an option into CoreWeave's cloud, enabling AI-driven companies to customize storage for intensive workloads at supercomputing scale.

Pure Storage shares were down over 7% in recent trading.

Price: 46.54, Change: -3.61, Percent Change: -7.20

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