$11.9B AI Deal: Altman Calls CoreWeave ‘An Important Addition’ to OpenAI
CoreWeave, a fast-rising AI cloud provider backed by NVIDIA, has landed a massive $11.9 billion contract with OpenAI in a move that could significantly boost its upcoming initial public offering (IPO). The five-year deal, confirmed on Monday, will see CoreWeave provide AI infrastructure to OpenAI, the creator of ChatGPT.
CoreWeave, an artificial intelligence startup backed by Nvidia , has signed a five-year contract worth $11.9 billion with ...
The deal will give OpenAI a stake in CoreWeave, which will issue shares worth $350 million through a private placement at the ...
CoreWeave’s initial S-1 document for its upcoming IPO is full of surprises. Backed by Nvidia, CoreWeave runs an AI-specific ...
Nvidia-backed CoreWeave filed its IPO prospectus, revealing surging revenue, with more than half of it coming from Microsoft.
Given that cloud giants and other tech companies are currently scrambling to obtain AI compute capacity, CoreWeave has enough ...
Several tech companies including CoreWeave, Klarna, and Discord are setting out to go public sometime over the second quarter ...
Small issuers continued to dominate the U.S. IPO pipeline this week. However, all focus is on the NVIDIA-backed AI cloud ...
Ahead of CoreWeave’s upcoming IPO, the provider of data centers for AI has signed a five-year deal with OpenAI worth almost ...
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