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Nvidia-backed AI company Coreweave has signed an additional agreement with OpenAI under which the ChatGPT maker has committed to pay Coreweave up to $4 billion through April 2029, a regulatory filing showed on Thursday.
The two have previously teamed up, with OpenAI signing an $11.9bn deal with CoreWeave to use its compute capacity. That deal was not included in CoreWeave's remaining performance obligation (RPO) number, which currently stands at $25.9 billion. It is unclear if the latest $4 billion deal was included.
CoreWeave Inc. has secured a deal worth as much as $4 billion to provide additional cloud computing capacity to artificial intelligence leader OpenAI, expanding a tie-up between the two firms.
OpenAI CEO Sam Altman became a household name after the release of OpenAI's groundbreaking AI model, ChatGPT.
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ET CIO on MSNCoreWeave signs $4 billion cloud deal with OpenAI, shares riseCoreWeave executives had said on a post-earnings call on Wednesday that they had signed an expansion deal without naming the company. They also added CoreWeave had signed on a new hyperscaler as a client,