Internet reports that cloud computing provider CoreWeave filed for an initial public offering (IPO) today. The company is expected to raise $4 billion and value it more than $35 billion. Documents show that the company's revenue in 2024 was US$1.9 billion, but due to its investment in artificial intelligence, it resulted in a net loss of US$863 million. Currently, the company has accumulated losses of US$1.5 billion. CoreWeave, originally named Atlantic Crypto, was founded in 2017 and initially provided the infrastructure for Ethereum mining. As digital currency prices fell, the company acquired more GPUs and changed its name to CoreWeave, gradually shifting its focus to graphics rendering and artificial intelligence (AI).