Recently, CoreWeave, a leader in the field of GPU cloud services, and OpenAI, a world-renowned artificial intelligence research organization, announced that it has reached a strategic cooperation agreement worth up to US$11.9 billion. This five-year cooperation plan marks an important step in the in-depth cooperation between the two companies in the field of artificial intelligence. According to the agreement, CoreWeave will provide powerful computing power support for OpenAI, helping to train and deliver its AI models, and further promoting the innovation and development of artificial intelligence technology.
As an important part of this collaboration, CoreWeave will also issue $350 million worth of shares to OpenAI, making OpenAI one of its shareholders. Although CoreWeave will not receive direct returns from this stock issuance, this move undoubtedly deepens the strategic cooperative relationship between the two parties. Michael Intrator, CoreWeave's co-founder and CEO, said that the collaboration not only demonstrates CoreWeave's ability to provide high-performance infrastructure services to the world's top AI labs, but also reflects its long-term commitment and vision to promote AI innovation.
OpenAI CEO Sam Altman also highly praised the cooperation. He pointed out that advanced AI systems require strong computing power as support, and cooperation with CoreWeave is a key step to achieving this goal. This cooperation not only enriches OpenAI's infrastructure portfolio, but also forms a good complementary relationship with its commercial cooperation with technology giants such as Microsoft and Oracle, laying a solid foundation for OpenAI's future technological breakthroughs.
Since its establishment in 2017, CoreWeave has rapidly risen with its outstanding GPU cloud services and has become a leader in the industry. In 2024, CoreWeave's revenue reached US$1.92 billion, an 8.4-fold increase from 2023, with about two-thirds of its revenue coming from Microsoft. With the surge in global demand for AI computing, CoreWeave's performance in the capital market has also attracted much attention. In May 2024, CoreWeave successfully completed a $7.5 billion financing and plans to conduct an initial public offering (IPO) in the coming weeks to further consolidate its position in the industry.
The strategic cooperation between CoreWeave and OpenAI not only marks the deep integration of the two companies in technology and the market, but also injects new impetus into the future development of AI technology. Through resource integration and technological collaboration, both parties are expected to achieve more breakthroughs in the field of artificial intelligence and promote the rapid development of the entire industry. This cooperation also indicates that with the continuous advancement of AI technology, cooperation among global technology giants will become closer, and jointly create a new era of artificial intelligence.