CoreWeave signs new $4 billion deal with OpenAI, filing shows
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(Reuters) -Nvidia (NVDA)-backed AI company CoreWeave (CRWV) has signed an additional agreement with OpenAI (OPAI.PVT) under which the ChatGPT maker has committed to pay Coreweave up to $4 billion through April 2029, a regulatory filing showed on Thursday.
CoreWeave stock was up 7% in trading on Thursday.
NasdaqGS - Delayed Quote USD
(CRWV)
80.82
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+(22.87%)
As of 1:23:00 PM EDT. Market Open.
Coreweave said on a post-earnings call on Wednesday it had signed a $4 billion expansion with an AI enterprise, but did not name the company.
(Reporting by Deborah Sophia in Bengaluru; Editing by Shailesh Kuber)
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