Kapoor, a former Director at Amazon Web
Services, will spearhead product strategy with a focus on Managed
AI services, as CoreWeave continues its exponential growth
ROSELAND, N.J., June 26,
2024 /PRNewswire/ -- CoreWeave, the AI Hyperscaler™,
today announced the appointment of Chetan
Kapoor as Chief Product Officer, effective immediately.
Kapoor joins CoreWeave from Amazon Web Services, where he was part
of the Compute leadership team and managed the Hardware Accelerated
Compute business. In his new role, Kapoor will lead a
cross-functional team responsible for overseeing the development,
strategy, and management of CoreWeave's portfolio of AI Products
and Managed Services.
"With leading AI labs and customers like MistralAI, Replicate
and NovelAI, more and more customers are taking advantage of
CoreWeave's AI Cloud services to build, train and deploy their
GenAI applications. Chetan's extensive experience and innovative
mindset make him the perfect fit to lead our product strategy
during this exciting hyper-growth phase," said Michael Intrator, CoreWeave CEO and co-founder.
"We are confident that his leadership will accelerate our growth
and enhance our position as the AI HyperscalerTM."
"I am incredibly excited to join CoreWeave at such a pivotal
moment for both the company and the industry," said Chetan Kapoor, CoreWeave Chief Product Officer.
"The world is at an incredible inflection point for AI innovation,
and CoreWeave has positioned itself at the forefront of this
technology revolution, bringing the most advanced and scalable
Cloud solutions to the market. I look forward to working with the
Company's talented executive team as we continue on this
transformative growth path."
This announcement extends what has been an exceptional 12 months
for CoreWeave, including delivering record-breaking MLPerf
performance by training GPT-3 LLM in under 11 minutes by utilizing
over 3,500 NVIDIA H100 Tensor Core GPUs, the Company's recent
$1.3 billion UK expansion and
$2.2 billion European expansion,
$7.5 billion debt financing facility
led by Blackstone Tactical Opportunities, a landmark $1.1 billion Series C in May 2024, and a $2.3
billion debt financing facility in August 2023.
About CoreWeave
CoreWeave, the AI
HyperscalerTM, delivers a cloud platform of cutting-edge
software powering the next wave of AI. The company's technology
provides enterprises and leading AI labs with the most performant
and efficient cloud solutions for accelerating the next era
of computing. Since 2017, CoreWeave has operated a growing
footprint of data centers covering every region of the US and
across Europe. CoreWeave was
ranked as one of the TIME100 most influential companies of 2024.
Learn more at www.coreweave.com.
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SOURCE CoreWeave