CoreWeave has announced a strategic agreement to supply AI infrastructure to OpenAI, significantly expanding OpenAI’s computational resources for training and deploying its latest AI models at scale. This deal, valued at up to $11.9 billion, marks a major step in strengthening OpenAI’s global capabilities, supporting its hundreds of millions of users worldwide. As part of the agreement, OpenAI will also become an investor in CoreWeave through the issuance of $350 million in CoreWeave stock.
“Partnering with OpenAI on this net new contract underscores CoreWeave’s proven ability to deliver reliable and performant infrastructure services, powering AI Innovations for world-leading AI labs,” said Michael Intrator, Co-Founder and Chief Executive Officer of CoreWeave. “We remain a partner-of-choice to meet the bleeding-edge needs of pioneers to unleash AI’s potential to change the world.”
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“Advanced AI systems require reliable compute, and we’re excited to continue scaling with CoreWeave so we can train even more powerful models and offer great services to even more users,” said Sam Altman, CEO of OpenAI. “CoreWeave is an important addition to OpenAI’s infrastructure portfolio, complementing our commercial deals with Microsoft and Oracle, and our joint venture with SoftBank on Stargate.”
CoreWeave is at the forefront of powering AI-driven advancements with its cloud platform, engineered specifically for compute-intensive workloads. Built from the ground up, the CoreWeave Cloud Platform provides industry-leading computational power at an unprecedented scale and speed, optimizing performance for AI applications. Trusted by top AI labs and enterprises, CoreWeave continues to be the preferred cloud platform for organizations driving innovation and pushing the limits of artificial intelligence.
