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
CoreWeave strikes $12 billion contract with OpenAI ahead of IPO, sources say
The deal will give OpenAI a stake in CoreWeave, which will issue shares worth $350 million through a private placement at the time of its IPO.
CoreWeave inks $11.9 billion contract with OpenAI ahead of IPO
CoreWeave, an artificial intelligence startup backed by Nvidia , has signed a five-year contract worth $11.9 billion with OpenAI ahead of its hotly anticipated stock market launch.
AI Daily: CoreWeave said to strike $12B pact with OpenAI ahead of IPO
Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this
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.
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 Australian1mon
Elon Musk-led group makes $155bn bid for control of OpenAI
OpenAI has called Musk’s legal claims baseless and overreaching and said the nonprofit will receive full value in its ownership stake of the for-profit. The company released documents in ...