Saturday, 17 May, 2025

CoreWeave Secures $4B Cloud Deal with OpenAI Amid Rising AI Infrastructure Demand

CoreWeave, a New Jersey-based AI cloud infrastructure firm backed by Nvidia, has signed a $4 billion multi-year agreement with OpenAI, extending their existing partnership through April 2029. This deal bolsters CoreWeave's revenue pipeline and diversifies its client base beyond Microsoft. Despite investor concerns over projected 2025 capital expenditures of $20–$23 billion, the announcement led to a 3% rise in CoreWeave's stock, reflecting confidence in its AI infrastructure capabilities.