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CoreWeave Says It Entered New $4B Cloud Services Agreement With OpenAI In May 2025 For Reserved Capacity Through April 2029, Subject To Service Delivery And Availability Requirements

Benzinga·05/15/2025 14:59:34
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In May 2025, the Company entered into an additional agreement with OpenAI, pursuant to which the Company will provide OpenAI access to cloud computing capacity through fulfillment of reserved capacity orders submitted to the Company by OpenAI. As of May 14, 2025, subject to the satisfaction of delivery and availability of service requirements, OpenAI has committed to pay the Company up to $4.0 billion through April 2029 related to this agreement.