CoreWeave has signed a five-year agreement with OpenAI worth up to $11.9 billion. As part of the deal, OpenAI will invest $350 million in CoreWeave stock, and the company will provide infrastructure for AI. This agreement will help CoreWeave offset revenue losses caused by the suspension of Microsoft contracts due to missed deadlines. The company, which provides cloud solutions with graphics processors for AI developers, plans to conduct an IPO. Its competitors include Amazon, Oracle, and Google.
3/12/2025 7:25:58 AM (GMT+1)
CoreWeave signs a $11.9 billion deal with OpenAI to provide AI infrastructure, helping offset revenue losses after the suspension of Microsoft contracts
11
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
Binance launches a voting mechanism for the listing and delisting of tokens, providing users with more control and supporting new promising projects
The US has begun returning Chinese cryptocurrency mining machines after their confiscation due to security regulations and trade sanctions against China
Ronaldinho launches the STAR10 token on the BNB blockchain: a new project combining football and blockchain with exclusive events, but raising questions due to insider transactions
Fraudsters stole 1.2 million dollars from Kent residents using fake police reports to obtain cryptocurrency wallet data and access funds
Australia does not plan to create a strategic cryptocurrency reserve, despite the USA's initiative to include XRP, Bitcoin, and others in the national financial reserve
The European Central Bank (ECB) plans to release the digital euro by October 2025, despite doubts from lawmakers due to the recent failure in the Target 2 system
The Cardano Foundation enters into a strategic partnership with SERPRO to implement blockchain technologies in Brazil's public sector and train 8,000 employees
