CoreWeave, an Nvidia-backed artificial intelligence startup, has struck a five-year agreement worth $11.9 billion with OpenAI. The agreement means CoreWeave is to provide AI infrastructure for OpenAI as it prepares for its initial public offering (IPO). Under the agreement, OpenAI will receive $350 million of CoreWeave shares through a private placement when the company floats […]
The post CoreWeave secures $11.9 billion OpenAI contract as IPO nears appeared first on Cloud Computing News.