CoreWeave said to strike $12B pact with OpenAI ahead of IPO

$11.9B AI Deal: Altman Calls CoreWeave ‘An Important Addition’ to OpenAI
CoreWeave, a fast-rising AI cloud provider backed by NVIDIA, has landed a massive $11.9 billion contract with OpenAI in a move that could significantly boost its upcoming initial public offering (IPO). The five-year deal, confirmed on Monday, will see CoreWeave provide AI infrastructure to OpenAI, the creator of ChatGPT.
Nvidia-backed CoreWeave closes $12B OpenAI cloud computing deal ahead of IPO
CoreWeave is one of the tech companies that has capitalized on the AI boom by leveraging an early investment in Nvidia and shifting towards artificial
AI Daily: CoreWeave said to strike $12B pact with OpenAI ahead of IPO
Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this
CoreWeave signs $11.9bn deal with OpenAI
CoreWeave, a cloud service provider specialising in GPU-heavy workloads, has signed a $11.9bn deal to provide AI infrastructure to OpenAI. This deal is expected to bolster OpenAI's compute capacity, which is said to be crucial for training and deploying advanced AI models to its global user base.
CoreWeave signs $11.9B 5-year deal with OpenAI to provide infrastructure
Nvidia (NASDAQ:NVDA)-backed AI startup CoreWeave signed a five-year contract to deliver AI infrastructure with OpenAI. The contract value for this strategic deal is up to $11.9B This agreement is part of CoreWeave's preparations for its highly anticipated initial public offering,
CoreWeave serves as bellwether for AI in soft IPO market
The cloud computing firm intends to test the public markets, potentially setting the tone for other AI firms amid market ...
CoreWeave inks $11.9 billion contract with OpenAI ahead of IPO
CoreWeave, an artificial intelligence startup backed by Nvidia , has signed a five-year contract worth $11.9 billion with ...
AI Profits Are Still a Mystery to Investors. A New IPO Filing Holds Clues.
A new IPO filing from start-up CoreWeave suggests that every dollar put into the AI cloud is quickly paying off thanks to rapid growth rates in the business.
CoreWeave strikes $12 billion contract with OpenAI ahead of IPO, sources say
The deal will give OpenAI a stake in CoreWeave, which will issue shares worth $350 million through a private placement at the ...
Ahead of a possible $4 billion IPO, CoreWeave’s founders already pocketed $488 million
CoreWeave’s initial S-1 document for its upcoming IPO is full of surprises. Backed by Nvidia, CoreWeave runs an AI-specific ...
Nvidia-Backed CoreWeave Files for an IPO
CoreWeave, an artificial intelligence (AI) cloud-computing startup backed by Nvidia (NVDA), filed for an initial public ...
Nvidia Invested in CoreWeave, but I Won't Be Buying the IPO
Given that cloud giants and other tech companies are currently scrambling to obtain AI compute capacity, CoreWeave has enough ...
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CoreWeave secures $11.9 billion OpenAI contract as IPO nears
CoreWeave signed a five-year, $11.9 billion deal to provide AI infrastructure to OpenAI and will receive $350 million in ...
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CoreWeave to deploy Nvidia GB200 NVL72 cluster at Bulk Infrastructure data center in Norway
CoreWeave has selected a Bulk Infrastructure data center in Norway to host a Nvidia GB200 NVL72 cluster deployment. The ...
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OpenAI acquires stake in data centre builder CoreWeave
OpenAI is taking a stake in IPO candidate CoreWeave for $350 million. The AI company promises $12 billion worth of business ...