Get the latest tech news
In another chess move with Microsoft, OpenAI is pouring $12B into CoreWeave
In a grandmaster-level chest move, OpenAI has signed a five-year, $11.9 billion agreement with GPU-heavy cloud service, CoreWeave, Reuters reports citing
The deal involves OpenAI buying $350 million worth of equity in CoreWeave, the sources told Reuters. Specifically, in 2024 Microsoft accounted for 62% of CoreWeaves revenue, which achieved stunning growth: $1.9 billion, a nearly an eightfold increase from just $228.9 million in 2023. Since then, CoreWeave has added more GPUs, including Nvidia’s latest product, Blackwell, which supports AI reasoning, the company said.
Or read this on TechCrunch
