{"id":21978,"date":"2025-03-12T14:37:27","date_gmt":"2025-03-12T12:37:27","guid":{"rendered":"https:\/\/forklog.com\/en\/coreweave-secures-11-9-billion-ai-infrastructure-deal-with-openai\/"},"modified":"2025-03-12T14:37:27","modified_gmt":"2025-03-12T12:37:27","slug":"coreweave-secures-11-9-billion-ai-infrastructure-deal-with-openai","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coreweave-secures-11-9-billion-ai-infrastructure-deal-with-openai\/","title":{"rendered":"CoreWeave Secures $11.9 Billion AI Infrastructure Deal with OpenAI"},"content":{"rendered":"<p>AI startup CoreWeave, previously engaged in cryptocurrency mining, <a href=\"https:\/\/www.prnewswire.com\/news-releases\/coreweave-announces-agreement-with-openai-to-deliver-ai-infrastructure-302397595.html\">has signed<\/a> a partnership agreement with OpenAI worth up to $11.9 billion.<\/p>\n<p>The deal involves providing Sam Altman&#8217;s firm with infrastructure for training new AI models. OpenAI will become an investor in CoreWeave, which plans a $350 million stock offering.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The collaboration with OpenAI under the new contract underscores CoreWeave&#8217;s proven ability to deliver reliable and high-performance infrastructure services, enabling AI innovation for the world&#8217;s leading labs,&#8221; commented CoreWeave co-founder Michael Intrator.<\/p>\n<\/blockquote>\n<p>CoreWeave offers a cloud platform for intensive computational workloads. The company aims to raise $4 billion through an <span data-descr=\"initial public offering\" class=\"old_tooltip\">IPO<\/span> with a valuation of $35 billion. It has previously <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1769628\/000119312525044231\/d899798ds1.htm\">filed<\/a> the corresponding S-1 registration statement with the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span>.<\/p>\n<p>During the IPO, Class A shares are to be listed on Nasdaq under the ticker CRWV. The proceeds will be used for working capital, corporate expenses, debt repayment, and potential acquisitions.<\/p>\n<p>Before Ethereum&#8217;s transition to the PoS consensus algorithm, mining constituted a significant part of CoreWeave&#8217;s business\u201461% or $9.7 million of its $15.8 million annual revenue. Following the update of the second-largest cryptocurrency by market cap, the firm shifted its focus to artificial intelligence. Its annual revenue grew to $229 million in 2023 and $1.9 billion in 2024.<\/p>\n<p>Earlier in June, mining company Core Scientific <a href=\"https:\/\/u1f987.com\/en\/news\/core-scientific-to-earn-3-5-billion-from-ai-computing-deal\">signed<\/a> a 12-year contract with AI firm CoreWeave to provide infrastructure with a capacity of 200 MW for hosting Nvidia graphics processors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AI startup CoreWeave, previously engaged in cryptocurrency mining, has signed a partnership agreement with OpenAI worth up to $11.9 billion. The deal involves providing Sam Altman&#8217;s firm with infrastructure for training new AI models. OpenAI will become an investor in CoreWeave, which plans a $350 million stock offering. &#8220;The collaboration with OpenAI under the new [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1137,1190],"class_list":["post-21978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-cryptocurrency-mining","tag-openai"],"aioseo_notices":[],"amp_enabled":true,"views":"50","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=21978"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/21977"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=21978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=21978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=21978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}