Finance & Business

Nvidia-Backed Coreweave Lands $4B Contract With ChatGPT Maker OpenAI

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ChatGPT - OpenAI

Coreweave, the Nvidia-backed cloud services provider, has officially signed a new deal with OpenAI worth up to $4 billion, according to a regulatory filing made on Thursday.

The agreement ensures that OpenAI will pay Coreweave for cloud infrastructure services through April 2029.

During its post-earnings call on Wednesday, Coreweave mentioned a $4 billion expansion with a major AI customer but did not name the company.

The filing now confirms that OpenAI is the client behind this massive commitment.

The deal marks a significant deepening of the partnership between the two fast-growing players in the AI sector.

Coreweave’s high-performance cloud infrastructure is expected to support OpenAI’s continued scale, particularly for models like ChatGPT and other generative AI tools.

Written by
Sazid Kabir

I've loved music and writing all my life. That's why I started this blog. In my spare time, I make music and run this blog for fellow music fans.

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