CoreWeave, an AI hyperscaler, has significantly expanded its partnership with OpenAI, agreeing to a new deal worth up to $6.5 billion, boosting the total contract value to $22.4 billion. This collaboration aims to enhance the training of OpenAI’s most advanced AI models. CoreWeave’s co-founder, Michael Intrator, expressed pride in furthering their relationship with a leader in artificial intelligence. This expansion aligns with CoreWeave Ventures’ launch, aimed at supporting AI startups, alongside the firm’s $2 billion commitment to AI projects in the UK.
OpenAI’s CEO, Sam Altman, outlined a future where AI becomes as ubiquitous as electricity, requiring substantial investment and infrastructure to scale. Amidst rapid growth projections, OpenAI anticipates doubling its revenue to $12 billion in 2025. Additional partnerships, including a $100 billion investment from Nvidia and a $300 billion cloud deal with Oracle, emphasize OpenAI’s strategy to secure extensive computational resources. These agreements signify a transformative era in AI infrastructure development.
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