DatacenterDynamics1d
OpenAI signs $11.9bn AI cloud deal with CoreWeave
According to Reuters, which first reported the news, CoreWeave will not receive any IPO proceeds from the OpenAI stake. The ...
OpenAI Secures Near-$12 Billion CoreWeave Deal, Taking Stake In Cloud Firm Ahead Of $35 Billion IPO To Reportedly Reduce Microsoft Dependence
OpenAI has signed a five-year, $11.9 billion contract with CoreWeave and will acquire a $350 million equity stake in the ...
The Next Platform1d
What A Tangled OpenAI Web We CoreWeave
Wouldn’t it be funny if all of that money that Microsoft spent last year paying neocloud upstart CoreWeave was just to ...
How Musk’s $97.4B bid could gum up OpenAI’s for-profit conversion
Elon Musk submitted a $97.4 billion bid for OpenAI's nonprofit arm. It's likely to be rejected — but it could complicate OpenAI's efforts to convert to a for-profit.
JD Supra12d
OpenAI's Governance Overhaul to Prevent Hostile Takeover
Strengthening Board Control - OpenAI is exploring governance changes that would grant its nonprofit board enhanced voting rights ...
The Financial Times23d
OpenAI seeks new powers to fend off hostile takeover from Elon Musk
The billionaire made a surprise $97.4bn cash bid for the assets held by the non-profit, including its controlling stake in ... thanks to his ownership of shares with outsized voting power. Another ...