15 AI News You Must Read Today

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11. Pure Storage, Inc. (NYSE:PSTG)

Market Capitalization: $16.34 billion

Pure Storage, Inc. (NYSE: PSTG) is an advanced data storage platform that stores, manages, and protects the world’s data at any scale. The company offers advanced data storage solutions for supporting artificial intelligence workloads.

On November 13, Pure Storage, Inc. (NYSE:PSTG) announced its strategic investment in CoreWeave, the AI Hyperscaler™, to boost innovation in AI Cloud services. Besides the investment, the two companies also unveiled that they will be entering into a partnership where customers will be able to leverage the Pure Storage platform within CoreWeave Cloud which will help them accelerate the development and deployment of AI.

“Our strategic collaboration with CoreWeave reflects a shared commitment to delivering AI innovation at scale and marks a major milestone in delivering the flexibility and scalability that AI-driven organizations need to thrive. Integrating the Pure Storage platform into CoreWeave’s specialized cloud service environments enables customers that require massive scale and flexibility in their infrastructure the ability to tailor their infrastructure and maximize performance on their own terms.”

– Rob Lee, Chief Technology Officer, Pure Storage

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