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Openii has concluded a contract of nearly $ 12 billion with Coreweave and will take a share of the Cloud Computing service provider, enhancing the group in front of the expected public listing in the amount of $ 35 billion.
Chatgpt manufacturer has signed a five -year contract in which Coreweave will supply a computer power for training and running Openai’s artificial intelligence Models, said two people who know about the agreement. Open He wants to expand beyond relying on Microsoft, his greatest partner, because of his computer needs.
Last week’s Financial Times reported that Microsoft had moved away from the planned agreement with Coreweave due to a cloud computing provider Delivery problems. That decision was a blow to a company based in New Jersey, which this month has applied for a starting public offer in New York, which will seek to raise about $ 4 billion.
OPENAI -O’s new $ 11.9 billion contract helps to fulfill this void, and could have outlined Microsoft, which made up 62 percent of Coreweve’s revenue last year, according to public publications. Microsoft agreed to spend $ 10 billion on Coreweave services by 2030.
As part of the Openai agreement with Coreweave, AI Company will also receive a capital share of $ 350 million at the time of IPO, said one person who knew about the plans.
Coreweave, which was founded in 2017 as an Operation of the Crypto-wave mining surgery, turned to the offering of cloud services with technological companies for the construction and training of the AI model using the NVIDIA high performance of graphic processing units (GPU). The group has collected more than 250,000 NVIDIA AI GPUs, making it among the largest buyers of chips manufacturers.
Openai’s business with the company is his latest effort to strengthen and diversify the computer power he had available.
Altman Sam, co -founder of the company and the company’s executive, claimed that the infrastructure would be vital in the race to build top -notch AI models. The Microsoft CEO of Saty Nadella, meanwhile, recently caused concern for “overcoming” a computer capacity, while large technological giants pour hundred billions of dollars into data centers.
Openai also united with SoftBank for the potential effort of a data center of $ 500 billion called ‘Stargate’ in recent months and entered into a data center with Oracle.
Openai and Coreweave refused to comment. Reuters first reported that Openi had signed a contract with Coreweave.
