CoreWeave, the Nvidia-backed artificial intelligence startup, signed a five-year contract valued at $11.9 billion with OpenAI on March 10, 2025. This agreement commits CoreWeave to provide cloud computing services to the ChatGPT maker.
As part of the deal, OpenAI is set to receive a stake in CoreWeave worth approximately $350 million, tied to CoreWeave's upcoming initial public offering. This strategic partnership underscores the increasing demand for specialized AI infrastructure.
The substantial contract significantly boosts CoreWeave's revenue backlog and strengthens its position as a critical provider for leading AI innovators. This deal provides strong visibility for future revenue streams, despite existing customer concentration risks.
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