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Artificial intelligence cloud startup CoreWeave is continuing to rapidly grow its data center footprint and bring in more money ahead of an expected initial public offering filing in December. 

CoreWeave, a cloud provider exclusively for the graphics processing unit computing needed for AI, has told investors it expects annual revenue to grow by around 300% next year to around $8B, The Information reports.

At the same time, the upstart hyperscaler has secured hundreds of millions of dollars in funding in just the past two months and ramped up its data center pipeline as it takes concrete steps toward launching an IPO next year.