AI Startup Coreweave, supported by Nvidia (Nasdaq: NVDA),, Just locked in a huge 11.9 billion dollarsFive -year -old agreement with OPENAI to provide AI infrastructure. The timing could not be betercoreweave is preparing for its IPO, which promises to be one of the largest technological lists of 2025.
As part of the agreement, OpenAI, which is supported by Microsoft (Nasdaq: Msft), will seize a participation in Coreweave by investing $ 350 million thanks to a private placement during the IPO.
For OPENAI, this decision expands its computing power for the training and deployment of AI models while giving it more options beyond Microsoft’s cloud services.
Coreweave is an important addition to the Openai infrastructure portfolio, complementing our trade agreements with Microsoft and Oracle, and our joint venture with SoftBank (Sftby) On Stargate, said Sam Altman, CEO of Openai.
With the demand for booming AI infrastructure, this agreement gives Coreweave a serious boost while it goes to public procurement while strengthening the growing OpenAi network of technological partners.
This article appeared for the first time on Gurufocus.