CoreWeave Inks Massive $11.9B Deal with OpenAI for AI Data Centers
Summary
In a groundbreaking move, CoreWeave, an AI computing services provider, secured a staggering $11.9 billion, 5-year deal with OpenAI, granting the latter a $350 million stake in CoreWeave's upcoming IPO, solidifying their partnership in powering AI innovations for tech giants like Microsoft and Meta.
Key Points
- CoreWeave signed a 5-year $11.9 billion deal with OpenAI for AI data centers and services
- As part of the deal, OpenAI will receive a $350 million stake in CoreWeave tied to its upcoming IPO
- CoreWeave supplies AI computing services to companies like Microsoft, Meta, IBM and Cohere