CoreWeave Announces Agreement with OpenAI to Deliver AI Infrastructure

CoreWeave to provide dedicated compute capacity for OpenAI's model training and services

LIVINGSTON, N.J., March 10, 2025 /PRNewswire/ -- CoreWeave today announced a deal to deliver AI infrastructure to OpenAI, expanding OpenAI's compute capacity for training and delivering its latest models at scale to its hundreds of millions of users around the world. The contract value for this strategic deal is up to $11.9 billion.  As part of this deal, OpenAI will become an investor in CoreWeave through the issuance of $350.0 million of CoreWeave stock.

"Partnering with OpenAI underscores CoreWeave's proven ability to deliver reliable and performant infrastructure services, powering AI Innovations for world-leading AI labs," said Michael Intrator, Co-Founder and Chief Executive Officer of CoreWeave. "We remain a partner-of-choice to meet the bleeding-edge needs of pioneers to unleash AI's potential to change the world."

"Advanced AI systems require reliable compute, and we're excited to continue scaling with CoreWeave so we can train even more powerful models and offer great services to even more users," said Sam Altman, CEO of OpenAI. "CoreWeave is an important addition to OpenAI's infrastructure portfolio, complementing our commercial deals with Microsoft and Oracle, and our joint venture with Softbank on Stargate."

CoreWeave powers the world's AI innovations with a cloud platform designed specifically for compute-intensive workloads. Purpose-built from the ground up, the CoreWeave Cloud Platform delivers leading-edge compute at cutting-edge scale and speed optimized for AI, enabling leading AI labs and enterprises to accelerate breakthroughs and shape the future. Trusted by some of the world's leading AI labs and AI enterprises, CoreWeave continues to be the cloud platform provider of choice for those pushing the boundaries of artificial intelligence.

About CoreWeave

CoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company's technology provides enterprises and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers across the US and Europe. CoreWeave was ranked as one of the TIME100 most influential companies and featured on Forbes Cloud 100 ranking in 2024. Learn more at www.coreweave.com.

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SOURCE CoreWeave