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CoreWeave inks $6.5 billion deal with OpenAI
CNBCยท 2025-09-25 13:50
Group 1 - CoreWeave announced a $6.5 billion deal with OpenAI, increasing total contracts with the AI startup to $22.5 billion [1][2] - The new agreement follows a previous $11.9 billion contract announced in March, which was later expanded by $4 billion [2] - CoreWeave generates revenue by renting out data centers equipped with Nvidia graphics processing units, with significant backing from Nvidia and Microsoft [3] Group 2 - CoreWeave's share price increased following the disclosure of a $6.3 billion order from Nvidia [3] - The CEO of CoreWeave emphasized the company's capability to handle demanding AI workloads at an unmatched pace, reflecting trust from leading innovators [2]