In another chess move with Microsoft, OpenAI is pouring $12B into CoreWeave

AI Analysis

R The technology giant, OpenAI, has secured a significant investment in CoreWeave, a cloud service provider, with a reported value of $350 million through a private placement. As part of this agreement, OpenAI will receive a substantial amount of equity, marking a major milestone in its financial history. This multi-billion-dollar deal has sent shockwaves throughout the tech community, raising questions about the potential implications on both parties involved. While specifics of the partnership are still under wraps, experts speculate that CoreWeave's resources will play a pivotal role in shaping OpenAI's future endeavors. The long-term consequences of this arrangement remain to be seen, but one thing is certain: this partnership has set a new benchmark for collaborative innovation and investment in cutting-edge technologies.

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Original Article

In a grandmaster-level chess move, OpenAI has signed a five-year, $11.9 billion agreement with the GPU-heavy cloud service provider CoreWeave, according to Reuters, which cites people close to the deal. The deal involves OpenAI receiving $350 million worth of equity in CoreWeave, the sources told Reuters. The private placement is said to be separate from […]

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