CoreWeave (CRWV) Buys Monolith AI to Accelerate AI-Driven R&D and Product Design

CoreWeave, Inc. (NASDAQ:CRWV) is one of the AI Stocks In The Spotlight For InvestorsOn October 6, the company announced an agreement to acquire Monolith AI Limited, a software company known for its expertise in applying AI and machine learning to complex physics and engineering problems.

The agreement leverages both Monolith’s simulation and test-driven machine learning capabilities and CoreWeave’s purpose-built AI cloud to create a full-stack platform for industrial and manufacturing enterprises.

The move will allow enterprises to significant shorten their R&D cycles, accelerate product development and design, and help leverage competitive advantage through AI-driven innovation.

“Every leader we meet across the industrial and manufacturing sectors knows AI can transform their business. What they need are the right tools to use the technology to solve intractable physics and engineering problems. Those challenges have historically slowed industrial innovation, and Monolith has closed that gap. Together we will help these enterprises better harness AI to accelerate breakthroughs and bring better products to market faster.”

-Brian Venturo, Co-founder and Chief Strategy Officer at CoreWeave.

CoreWeave, Inc. (NASDAQ:CRWV) is a cloud platform provider that provides equipment for AI and other computing purposes.

While we acknowledge the risk and potential of CRWV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRWV and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.