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Matt Milano@WebProNews //

CoreWeave Lands $11.9 Billion Deal with OpenAI

OpenAI has inked a significant five-year, $11.9 billion agreement with CoreWeave, a cloud infrastructure provider specializing in AI workloads. This substantial investment aims to secure the necessary GPU compute capacity for OpenAI's increasingly demanding AI models. The deal also includes OpenAI acquiring a $350 million stake in CoreWeave, demonstrating a deeper strategic partnership between the two companies as CoreWeave prepares for its IPO.

This move signifies OpenAI's ongoing quest for ever greater AI compute capabilities and a diversification of its cloud infrastructure strategy beyond Microsoft Azure. CoreWeave, backed by NVIDIA, operates 32 AI data centers housing over 250,000 GPUs and is positioning itself as a key player in the AI infrastructure space. The partnership also strengthens CoreWeave’s market position as it attempts to reduce its reliance on Microsoft, which accounted for 62% of its $1.92 billion revenue in 2024.
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References :
  • THE DECODER: OpenAI's $12 billion Coreweave deal fuels its unrelenting quest for more AI compute
  • Maginative: OpenAI has signed a five-year, $11.9 billion deal with CoreWeave to secure AI infrastructure, marking a major shift in its compute strategy and adding complexity to its partnership with Microsoft.
  • WebProNews: CoreWeave Reportedly Scores $12 Billion OpenAI Cloud Contract
  • techstrong.ai: CoreWeave has signed a five-year, $11.9 billion deal with OpenAI to provide artificial intelligence (AI) infrastructure services ahead of its much-anticipated initial public offering.
  • AiThority: Details the agreement between CoreWeave and OpenAI to deliver AI infrastructure.
  • eWEEK: The AI cloud provider has secured an $11.9 billion deal with OpenAI ahead of its IPO.
  • Verdict: CoreWeave signs $11.9bn deal with OpenAI
  • The Next Platform: Wouldn’t it be funny if all of that money that Microsoft spent last year paying neocloud upstart CoreWeave was just to support ever-embiggening AI training workloads at OpenAI as it makes its GPT models smarter?
  • Tech Monitor: CoreWeave wins contract from OpenAI, aimed at delivering crucial AI infrastructure to boost ChatGPT developer’s computing capabilities.
  • insidehpc.com: Coreweave is reportedly providing AI infrastructure services to OpenAI.
  • Data Phoenix: This is an article about OpenAI investing billions of dollars into CoreWeave, a cloud computing company, to provide more AI infrastructure.
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