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CoreWeave expands AI partnership with OpenAI in $4B deal
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OpenAI is deepening its financial commitment to cloud infrastructure provider CoreWeave with a new multi-billion dollar agreement. This expanded partnership represents a significant escalation in OpenAI’s computing infrastructure investments as it continues to develop and scale its AI models, including ChatGPT. The deal highlights the massive capital requirements underpinning cutting-edge AI development and the strategic importance of securing long-term computing capacity in the AI arms race.

The big picture: Nvidia-backed AI infrastructure company CoreWeave has secured an additional $4 billion commitment from OpenAI in a deal extending through April 2029.

Key details: The agreement was revealed in a regulatory filing on Thursday, confirming CoreWeave’s earlier announcement of a major expansion with an unnamed AI enterprise.

  • CoreWeave had mentioned securing a $4 billion expansion deal during its post-earnings call on Wednesday without identifying OpenAI as the partner.
  • The filing formally disclosed OpenAI as the customer behind this substantial multi-year commitment.

Why this matters: This massive investment underscores the extraordinary computing infrastructure requirements necessary to develop and run sophisticated AI models like those powering ChatGPT.

  • The deal’s extended timeframe through 2029 suggests OpenAI is securing critical computing capacity for its long-term AI development roadmap.
  • As an Nvidia-backed company, CoreWeave’s growing relationship with OpenAI reflects the increasingly interconnected nature of the AI hardware and software ecosystem.
Coreweave signs new $4 bln deal with OpenAI, filing shows

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