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OpenAI to pay CoreWeave $11.9 billion over five years for AI data centers, services - TL;DR CNBC

OpenAI to pay CoreWeave $11.9 billion over five years for AI data centers, services

Publishing timestamp: 2025-03-10 19:29:30


Summary

CoreWeave signs a five-year deal with OpenAI worth almost $12 billion, with OpenAI receiving a stake in CoreWeave as part of the agreement. CoreWeave is set to debut on Nasdaq soon and has seen significant growth in revenue and data center expansion.


Sentiment: POSITIVE

Tickers: NVDAMSFTMETAIBM

Keywords: technologyinternational business machines corpmicrosoft corpbusiness newsmeta platforms incgenerative aibreaking news: technologysam altmannvidia corpartificial intelligence

Source: https://www.cnbc.com/2025/03/10/openai-to-pay-coreweave-11point9-billion-over-five-years-for-ai-tech.html


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