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Altman Calls CoreWeave ‘An Important Addition’ to OpenAI

$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.

GlobalData on MSN · 4d

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.

Seeking Alpha on MSN · 4d

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,

11don MSN

AI startup CoreWeave files for 2025’s first big tech IPO—and reveals it gets more than half its $1.9 billion in revenue from a single customer

Nvidia-backed CoreWeave filed its IPO prospectus, revealing surging revenue, with more than half of it coming from Microsoft.

9don MSN

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 ...

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 ...

4don MSN

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 ...

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 ...

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 ...

10don MSN

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 ...

CoinDesk11d

AI Firm CoreWeave Files for IPO, Citing $1.9B in Revenue

CoreWeave, an AI firm in close partnership with bitcoin miner Core Scientific (CORZ), filed for an initial public offering ...

11d

Nvidia-Backed CoreWeave Files for an IPO

CoreWeave, an artificial intelligence (AI) cloud-computing startup backed by Nvidia (NVDA), filed for an initial public ...

10d

IPO-bound CoreWeave to buy AI developer Weights & Biases for a reported $1.4B

Cloud-based artificial intelligence infrastructure startup CoreWeave Inc. today announced it plans to buy the AI model ...

Decrypt11d

AI Cloud Provider CoreWeave Files for IPO After Breakout Year

The AI infrastructure provider is eyeing a $35 billion valuation after transforming its crypto mining business six years ago.

1don MSN

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.

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