OpenAI Signs $11.9 Billion Deal with CoreWeave

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3 days ago

Summary

OpenAI signs $11.9 billion deal with CoreWeave; gains equity and access to cloud services; reduces dependence on Microsoft; uses CoreWeave's network of data centers and GPUs

Key Points

The deal gives OpenAI access to CoreWeave's cloud infrastructure, which will help the company reduce its dependence on Microsoft.
OpenAI gains equity in CoreWeave as part of the agreement, valued at $350 million.
CoreWeave has filed to become a public company and is expected to raise billions in its IPO.

Why It Matters

This deal allows OpenAI to reduce its dependence on Microsoft, which accounted for 62% of CoreWeave's revenue in 2024. It also gives OpenAI access to CoreWeave's cloud infrastructure, which will help the company scale and expand its operations.

Author

Julie Bort

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