Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
CoreWeave strikes $11.9B deal with OpenAI to deliver AI infrastructure

CoreWeave strikes $11.9B deal with OpenAI to deliver AI infrastructure

Cointime2025/03/12 07:24
By: Cointime
CLOUD0.00%AIOLD0.00%

CoreWeave  announced  on March 11 that it had struck a five-year deal worth up to $11.9 billion with OpenAI, the nonprofit research and development company that created ChatGPT. Through the deal, OpenAI will become an investor in CoreWeave through the issuance of $350 million of stock, while CoreWeave will deliver AI infrastructure.

The deal comes ahead of the anticipated CoreWeave initial public offering (IPO).  According to  its offering filing, the company, founded in 2017 in Livingston, New Jersey, reported $1.9 billion in revenue with a net loss of $863 million in 2024. CoreWeave provides cloud-based GPU infrastructure to AI developers.

  The new deal may provide a boost to CoreWeave, as roughly two-thirds of the company’s revenue came from Microsoft, which had planned to spend $10 billion on CoreWeave by 2030. According to a report from the Financial Times, Microsoft  has canceled some contracts  with the AI company due to missed deadlines, though CoreWeave has denied this.  

CoreWeave’s main competitors are  Amazon ,  Oracle  and  Google , along with smaller clients DataCrunch, Lambda and Foundry.

Cloud AI market expected to grow by 30.9% CAGR until 2030

The cloud artificial intelligence market is expected to grow significantly in the coming years,  according  to Fortune Business Intelligence. In 2022, the size of the market was estimated to be $46.7 billion. By 2030, it is expected to be $398 billion. The compound annual growth rate during that time period is estimated to be 30.9%.

Cloud AI involves a combination of cloud computing and artificial intelligence services that businesses can use to theoretically increase their revenue. Some of the aspects of a business that these services touch on include scalability, predictive analytics and cost savings by not having to build their own AI model.

There are budding integrations with Cloud AI and blockchain as well. As Cointelegraph reported, one of the challenges with integrating AI and blockchain is scalability and processing power, which  cloud computing platforms aim to help solve . These integrations  may impact Web3 gaming  as well.

But, while the fusion of these technologies is promising, there are roadblocks, including the  centralization within the cloud computing industry .

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

YBUSDT now launched for futures trading and trading bots
Bitget Announcement2025/10/15 11:07
New spot margin trading pair — ENSO/USDT!
Bitget Announcement2025/10/15 10:00

Trending news

More
1
YBUSDT now launched for futures trading and trading bots
2
[Initial Listing] Bitget Will List ZEROBASE (ZBT). Come and grab a share of 1,750,000 ZBT

Crypto prices

More
Bitcoin
Bitcoin
BTC
$111,411.84
-0.54%
Ethereum
Ethereum
ETH
$4,027.69
-1.32%
Tether USDt
Tether USDt
USDT
$1
-0.01%
BNB
BNB
BNB
$1,189.16
+0.86%
XRP
XRP
XRP
$2.42
-2.60%
Solana
Solana
SOL
$194.37
-4.06%
USDC
USDC
USDC
$0.9999
+0.03%
TRON
TRON
TRX
$0.3214
+1.40%
Dogecoin
Dogecoin
DOGE
$0.1977
-2.26%
Cardano
Cardano
ADA
$0.6716
-3.37%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter