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CoreWeave Adds $6.5 Billion OpenAI Contract, Lifting Total to $22.5 Billion

The expansion underscores CoreWeave’s growing role in OpenAI’s compute supply and highlights its reliance on large, multi‑year contracts.

Overview

  • CoreWeave said the new $6.5 billion agreement expands its existing OpenAI work to support training and inference on GPU‑dense infrastructure.
  • CEO Michael Intrator said the milestone reflects customer trust in CoreWeave’s ability to deliver high‑performance AI workloads at scale.
  • In March the companies signed an $11.9 billion, five‑year pact, which Intrator said grew by another $4 billion in May before today’s addition.
  • Earlier this month CoreWeave disclosed a $6.3 billion order from Nvidia, reinforcing its tight supplier relationship.
  • Shares fell in premarket trading but turned positive after the announcement, as investors weighed the larger OpenAI backlog and CoreWeave’s Nvidia‑based model with significant Microsoft revenue exposure.