CoreWeave has launched CoreWeave Ventures to support new AI efforts. The initiative offers investment capital and assistance to bring ideas to market faster. Shares of CoreWeave have doubled since hitting the market five months ago. Nvidia-backed CoreWeave gained 4% in morning trading after announcing support for new AI ventures. The company aims to provide resources, expertise, and compute power to accelerate innovation in AI. Co-founder Brannin McBee stated the goal is to drive technical advancements and innovation in the AI space. CoreWeave Ventures is already working with a diverse group of innovators across various AI applications. Shares of CoreWeave have surged 150% since going public in March.

Read more at Yahoo Finance: CoreWeave Stock Rises on News of Nvidia-Backed Firm’s VC Fund for AI Investments