Backblaze – Cloud storage dwarf explodes 44% thanks to mega deal with AI giant CoreWeave!

Backblaze jumps 44% as AI cloud giant CoreWeave pays $335 million for storage capacity over five years – a huge amount for a company that last reported $79.9 million in storage revenue. The deal validates the low-cost hard drive technology for the AI era, but it also increases dependence on a major client. CEO Gleb Budman sums up the importance: storage is the foundation of every AI workflow; without it, even the strongest computing power stands still. A contract that changes everything On a pitch-black day for the AI industry, one stock...