CoreWeave Signs $6.5 Billion Deal with OpenAI, Bringing Total Partnership to $22.4 Billion
Summary
CoreWeave secures massive $6.5 billion deal with OpenAI, expanding their partnership to a staggering $22.4 billion total as the AI cloud provider races to meet exploding demand for Nvidia GPU-powered data centers amid what OpenAI's CEO calls 'terrible' compute constraints plaguing the industry.
Key Points
- CoreWeave signs a $6.5 billion deal with OpenAI, expanding their partnership and bringing total contract value to $22.4 billion
- The AI cloud infrastructure provider rents out data centers packed with Nvidia GPUs to meet booming computing demands from AI companies
- OpenAI CEO Sam Altman describes current compute constraints as 'terrible,' highlighting the industry's urgent need for expanded datacenter capacity