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CoreWeave Shares Jump 11% as Leidos Partnership Opens Door to Secure Federal AI Cloud Contracts
['Scott Lance']
International Business Times Australia
The stock traded near $79.68, up $7.91, as investors weighed the potential for CoreWeave to expand beyond its commercial AI customer base into highly regulated government environments.
Under the collaboration, CoreWeave will supply its AI-native infrastructure, including high-performance computing, networking, storage and orchestration tools designed for large-scale model training and inference.
The companies aim to provide sovereign AI capacity that meets the stringent security, classification and operational requirements of national security organizations.
Through CoreWeave Federal and our collaboration with Leidos, we intend to extend those capabilities to highly secure government environments with the performance, resilience, and operational rigor these missions require."
Jason O'Connor, president of Leidos Intelligence, said the combination accelerates delivery for priority missions.