Though the market largely lambasted the deal (CoreWeave and Core Scientific were down more than 3% and 17%, respectively, on Monday following the announcement), the acquisition is the latest in a line of big-ticket AI M&A announcements this year.

Artificial intelligence hyperscaler CoreWeave said Monday it will acquire Core Scientific, a leading data center infrastructure provider. It is an all-stock deal valued at approximately $9 billion. The deal strengthens CoreWeave's position in the AI arms race by bringing critical infrastructure in-house.

Three Big Law firms are behind the latest massive artificial intelligence deal: CoreWeave Inc.'s $9 billion plan to buy data center operator Core Scientific Inc.