CoreWeave has announced a landmark agreement with OpenAI to expand the AI leader’s computing capacity, supporting the training and deployment of its latest models at scale. The contract is valued at up to $11.9 billion, further cementing CoreWeave’s role as a key infrastructure provider in the AI industry.
As part of the agreement, OpenAI will become an investor in CoreWeave, acquiring $350 million in CoreWeave stock.
Expanding AI Infrastructure for Innovation
This partnership underscores CoreWeave’s ability to deliver high-performance cloud solutions tailored for AI workloads.
“Partnering with OpenAI on this new contract highlights CoreWeave’s proven capability to provide reliable and scalable infrastructure for world-leading AI labs,” said Michael Intrator, co-founder and CEO of CoreWeave. “We remain a partner of choice for organizations pioneering AI’s potential to transform the world.”
OpenAI CEO Sam Altman emphasized the importance of robust computing resources:
“Advanced AI systems require reliable compute, and we’re excited to continue scaling with CoreWeave to train more powerful models and enhance our services for millions of users worldwide.”
Altman also noted that this partnership complements OpenAI’s existing commercial agreements with Microsoft and Oracle, as well as its joint venture with SoftBank on Stargate.
CoreWeave: Powering the Future of AI
CoreWeave specializes in cloud infrastructure optimized for compute-intensive workloads, providing cutting-edge scale and speed for AI applications. The company’s purpose-built platform supports some of the world’s most advanced AI labs and enterprises, enabling breakthroughs in artificial intelligence.
As demand for AI-driven innovations accelerates, CoreWeave continues to position itself as the cloud provider of choice for organizations at the forefront of AI development.
