Key Takeaways CoreWeave could go public as soon as next week in what is expected to be one of the biggest IPOs in recent years.The cloud computing company is backed by Nvidia and counts Microsoft among its clients.

There haven't been a ton of initial public offerings (IPOs) in recent years, let alone interesting, prominent companies with the potential to take on the top tech stocks in the market. However, one company right in the middle of the artificial intelligence (AI) revolution may be about to make its public debut.

CoreWeave is acquiring AI developer platform Weights & Biases for $1.7 billion to enhance its cloud computing offerings. The deal follows CoreWeave’s recent IPO filing, which aims to raise $4 billion at a $35 billion valuation.