In another chess move with Microsoft, OpenAI is pouring $12B into CoreWeave

In a grossmaster level chess movement, Openai signed a signature Five-year, $ 11.9 billion contract According to Reuters, according to Reuters, which is close to the deal, with the GPU-heavy cloudy service provider Coreweave.

According to Reuters, the agreement involves the agreement received in Coreweave $ 350 million. Personal placement is said to be separate Coreweave’s planned IPO.

Coreweave applied to be a folk company last week, but he did not plan a priced or debut.

It is a victory for both companies. Another reason for this deal without this deal, Coreweave’s largest customer was Microsoft. In fact, in 2024, Microsoft, 62% of Coreweave’s revenues, 62% of the surprising $ 1.9 billion, in 2023 increased by $ 228.9 million in $ 228.9 million.

6% Supported by NVIDIA, Coreweave, the company, by the company, the EI-special cloud service, which is a 32 data center from 250,000 NVIDIA GPU to the end of 2024. Since then, Coreweave has added more GPUs, including Blackwell, including the latest product of NVIDIA, Blackwell, including Blackwell.

Such addiction from a client is usually worried about IPO investors and says “hair”, “hair”, Coreweave can add “hair” to the hopes of increasing 4 billion or more in IPO. Openai opened as a direct customer in a single contract, Coreweave should help investors.

Microsoft and Openai’s connection

What makes this movement is equally interesting is another step in an angry relationship between Microsoft and Openai.

It was as if Openai CEO SAM Altman saw Microsoft’s use of Coreweave and “Bound the beer”.

Only Openai will not have access to the same cloud, but there will be a share of property in the company that governs it.

Microsoft is, of course, an agreement is a great rear of Openai Owned by Microsoft to collect a part Openai’s income. However, the tension between the two companies has risen for years, because Openai has become lucky. Openai competes with Microsoft for enterprise customers and even The assessment was reported to be working on spreading AI agents.

In January, mass stargate AI infrastructure, softbank, oracle and others, Microsoft stopped having Openai Sole cloud provider. Openai needs more calculation sources. Last week, Altman He complained that Openai “outside GPUS”.

In turn, Microsoft works in the AI ​​”reasoning” comparable to Openai O1 and O3-Mini. A whole family competes with Openai with its own models called MAI. That’s Mustafa Suleyman, the opponent of the hired AltMicrosoft to lead AI.

But Coreweave is a piece of chess surprising.

Coreweave began his life as a cryptoic surgery established by the former Hedge Foundation, We said. Three co-founders have already paid from $ 488 million worth of shares – more than $ 150 million. Coreweave also has $ 7.9 billion in books.

If the IPO creates a new capital of billions, he hopes that it will use the company to pay at least to pay the debt.

While these founders once try to use GPU for mint money, they probably perform it.

Coreweave and Openai did not meet our desire for comment.