CoreWeave Inc (NASDAQ:CRWV) has expanded its contract with OpenAI to a substantial $6.5 billion, raising its total partnership value to approximately $22.4 billion. This agreement signals CoreWeave’s vital role as an infrastructure provider for advanced AI workloads, including model training and inference. The collaboration has evolved through previous contracts of $11.9 billion in March 2025 and a $4 billion expansion in May. Michael Intrator, Co-Founder and CEO, emphasized the accelerating trust from innovators in CoreWeave’s capacity to handle demanding AI tasks efficiently. OpenAI’s VP, Peter Hoeschele, acknowledged CoreWeave’s contribution to their infrastructure, enabling improved compute capabilities. In addition to its relationship with OpenAI, CoreWeave is strategically investing £1.5 billion in UK AI innovation and launching CoreWeave Ventures to support AI startups. However, shares fell 3.1% as investors weigh expansion risks in a competitive sector. Overall, the agreement highlights CoreWeave’s critical position in the generative AI landscape.
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