OpenAI signs $11.9 billion deal with CoreWeave
cnbc.com —
CoreWeave has signed a five-year agreement with OpenAI worth $11.9 billion for AI data center services. This deal includes a $350 million stake in CoreWeave linked to its upcoming IPO. CoreWeave, backed by Nvidia, plans to debut on the Nasdaq soon. The company reported a revenue increase of over 700% for 2024, with significant contributions from Microsoft. The company has expanded its data center operations, exceeding its previous goals. CoreWeave now operates 32 data centers with over 250,000 Nvidia GPUs, serving clients like Microsoft, Meta, and IBM.