OpenAI is pouring $12B into CoreWeave

In another chess move with Microsoft, OpenAI is pouring $12B into CoreWeave
In a grandmaster-level chess move, OpenAI has signed a five-year, $11.9 billion agreement with the GPU-heavy cloud service provider CoreWeave, according
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 time of its IPO.
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
ChatGPT Maker OpenAI Inks $12B Deal With CoreWeave Ahead of Planned IPO
The OpenAI deal follows CoreWeave's $1.7 billion bid for AI platform Weights & Biases days earlier as it plans to go public this year.
CoreWeave strikes $12B contract with OpenAI ahead of IPO, Reuters says
CoreWeave (CRWV), an artificial intelligence startup backed by Nvidia (NVDA), has signed a five-year contract worth $11.9B with Microsoft
CoreWeave wins $12 billion cloud contract from OpenAI ahead of IPO
If the talks are successful, the deal would provide a major boost to CoreWeave ahead of its blockbuster share sale, which is expected to headline the U.S. IPO lineup for 2025.
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 OpenAI ahead of its hotly anticipated stock
OpenAI strikes $12bn deal with CoreWeave
OpenAI will also get a $350mn equity stake CoreWeave at the time of the New Jersey-based company’s IPO, said one person with knowledge of the plans © Bloomberg OpenAI strikes $12bn deal with CoreWeave
CoreWeave signs ~$12B cloud computing contract with OpenAI: report
Nvidia (NVDA)-backed AI startup CoreWeave has signed a five-year contract worth $11.9B with OpenAI to provide its cloud computing services, Reuters reported on Monday, citing sources. The report comes ahead of CoreWeave’s long anticipated initial public offering.
Microsoft Reduces Commitments to CoreWeave Ahead of IPO, FT Reports
Microsoft Corp. has withdrawn from some of its commitments with cloud computing provider CoreWeave due to delivery issues and ...
AI firm CoreWeave denies contract cancellations with Microsoft
IPO-bound AI cloud startup CoreWeave said on Thursday it had not seen any contract cancellations after the Financial Times ...
What You Need To Know About CoreWeave, the Nvidia-Backed Firm Targeting a $4B IPO
Key Takeaways CoreWeave could go public as soon as next week in what is expected to be one of the biggest IPOs in recent ...
Microsoft drops some CoreWeave services ahead of $35bn IPO
The three founders have each sold at least $150mn worth of their stock in the company since December 2023, according to the IPO filings. CoreWeave’s 10 directors and executives, including the three co ...
This Nvidia-Backed IPO Grew 737% Last Year and Is About to Go Public: What Investors Should Know About CoreWeave
There haven't been a ton of initial public offerings (IPOs) in recent years, let alone interesting, prominent companies with ...
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 ...
What is CoreWeave, the cloud-services provider expected to go public next week?
CoreWeave is heading toward a much-anticipated initial public offering as soon as next week, which will give investors ...