In another chess move with Microsoft, OpenAI is pouring $12B into CoreWeave
In a grandmaster-level chess move, OpenAI has signed a five-year, $11.9 billion agreement with the GPU-heavy cloud service provider CoreWeave, which
AI Daily: CoreWeave said to strike $12B pact with OpenAI ahead of IPO
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OpenAI forges $12bn contract with CoreWeave
OpenAI will also get a $350mn equity stake in CoreWeave at the time of the New Jersey-based company’s IPO, says one person with knowledge of the plans © Angel Garcia/Bloomberg OpenAI forges $12bn cont
CoreWeave signs $11.9bn deal with OpenAI
CoreWeave, a cloud service provider specialising in GPU-heavy workloads, has signed a $11.9bn deal to provide AI infrastructure to OpenAI. This deal is expected to bolster OpenAI's compute capacity, which is said to be crucial for training and deploying advanced AI models to its global user base.
CoreWeave strikes $12B contract with OpenAI ahead of IPO, Reuters says
CoreWeave (CRWV), an artificial intelligence startup backed by Nvidia (NVDA), has signed a five-year contract worth $11.9B with Microsoft
CoreWeave signs ~$12B cloud computing contract with OpenAI: report
Nvidia (NVDA)-backed AI startup CoreWeave has signed a five-year contract worth $11.9B with OpenAI to provide its cloud computing services, Reuters reported on Monday, citing sources. The report comes ahead of CoreWeave’s long anticipated initial public offering.
Hosted on MSN28d
The war for ownership of OpenAI does not begin or end with Elon Musk and foresees a clash among the rest of the Silicon Valley magnates
The future of the company is not only influenced by the CEO of Tesla and Sam Altman, but also involves Microsoft, Nvidia, and several heavyweights from venture capital and technology in the 'valley'.
Salon25d
"OpenAI is not for sale": ChatGPT maker rejects Musk bid for ownership
OpenAI's board publicly rejected an attempt to buy the company on Friday, telling the group of bidders led by Elon Musk that the ChatGPT creator isn't up for sale. "OpenAI is not for sale, and the ...
CNN28d
What Elon Musk’s $100 billion bid for OpenAI is really all about
Without getting into the weeds of OpenAI’s ridiculously complex ownership flowchart, suffice it to say: There is a for-profit entity (the thing investors are salivating over) that’s currently ...
Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI
The unsolicited offer complicates Sam Altman’s plans to convert OpenAI to a for-profit company.
Commercial Appeal28d
What's next for Musk, OpenAI after $97 billion bid rejected? What to know
Musk left OpenAI in 2018 after unsuccessful attempts to gain primary ownership of the company. In 2017, Musk offered for OpenAI to merge with Tesla or for him to have full control of the company ...
Yahoo Finance29d
Sam Altman says OpenAI is 'not for sale' after Elon Musk-led group's $97.4 billion bid to control it
"As we understand the OpenAI, Inc. Board's present intentions, they will give up majority ownership and control over OpenAI's entire for-profit business in exchange for some minority share of a ...
The Independent29d
Elon Musk launches $94.7bn bid to buy OpenAI back from rival Sam Altman
The lawsuit forced Altman to pause his plan to further reform OpenAI’s complicated hybrid ownership structure by turning it into a public benefit corporation. Since then, the two have been ...
Abbott, Apple, Citi, Nexstar, Musk, OpenAI: Votes and Verdicts
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers ...