CoreWeave has recently entered into a $4 billion cloud computing partnership with OpenAI, a leader in the artificial intelligence field, further deepening their collaboration. This agreement will be executed over the next five years, during which OpenAI will pay CoreWeave this amount by 2029. Previously, CoreWeave had disclosed this agreement during its earnings call, though it did not publicly name the partner, simply describing them as an enterprise-level AI company.
Before going public, CoreWeave also announced the signing of a long-term contract worth nearly $12 billion with OpenAI. As part of this deal, OpenAI will acquire a significant stake in CoreWeave. According to Bloomberg, this collaboration will provide OpenAI with additional cloud computing capabilities, further supporting its business growth.
This cooperation may help CoreWeave reduce its reliance on Microsoft, which is a major supporter of OpenAI and also one of CoreWeave's key clients in 2024, accounting for nearly two-thirds of CoreWeave's overall revenue, as disclosed in filings with the U.S. Securities and Exchange Commission.
Through close collaboration with OpenAI, CoreWeave can not only expand its market share but also enhance its technical capabilities to meet the growing demand for cloud computing. This deepened relationship marks an important step for OpenAI in diversifying its cloud computing providers, further solidifying its leadership position in the AI sector.
In summary, this partnership signifies accelerating collaboration among enterprises in the AI industry, laying a solid foundation for future technological advancements.
Key Points:
🌐 CoreWeave and OpenAI have reached a $4 billion cloud computing agreement, with payments made over the next five years.
🤝 CoreWeave has also signed a long-term contract worth nearly $12 billion with OpenAI, giving OpenAI a stake in CoreWeave.
📉 This cooperation helps CoreWeave reduce its dependence on Microsoft and enhance its market competitiveness.