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Exclusive-CoreWeave strikes $12 billion contract with OpenAI ahead of IPO, sources say

Channel News Asia LogoChannel News Asia4h ago

Exclusive-CoreWeave strikes $12 billion contract with OpenAI ahead of IPO, sources say - Channel News Asia

Quick Summary:

NEW YORK : CoreWeave, an artificial intelligence startup backed by Nvidia, has signed a five-year contract worth $11.9 billion with OpenAI to provide cloud computing services ahead of its hotly-anticipated stock market launch, people familiar with the matter told Reuters on Monday.

OpenAI did not immediately respond to requests for comment.

FILE PHOTO: OpenAI logo is seen in this illustration taken, February 3, 2023.

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Exclusive-CoreWeave strikes $12 billion contract with OpenAI ahead of IPO, sources say - Channel News Asia (Picture 1)Exclusive-CoreWeave strikes $12 billion contract with OpenAI ahead of IPO, sources say - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-11 @ 02:23:59 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 220 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 26856348

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 51 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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  • URL: https://chronographically.beamstart.com/news/exclusive-coreweave-strikes-12-billion-17416317621

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