OPENAI STRIKES A MIND-BLOWING $12 BILLION DEAL WITH COREWEAVE – WHAT’S NEXT?!
In a jaw-dropping move that could reshape the tech landscape, OpenAI has just inked a colossal nearly $12 billion deal with cloud computing powerhouse CoreWeave! This blockbuster agreement sees OpenAI taking a stake in CoreWeave, setting the stage for a high-stakes showdown in the race for AI supremacy as CoreWeave gears up for a staggering $35 billion public listing!
THE FIGHT FOR COMPUTING POWER IS ON! In a groundbreaking five-year contract, CoreWeave will provide OpenAI with the computing muscle needed to train and run its groundbreaking AI models, signaling a bold shift away from its deep ties with Microsoft, its largest backer.
BUT WAIT, THERE’S DRAMA! Just last week, Microsoft shockingly dropped out of a deal with CoreWeave due to “delivery issues,” sending shockwaves through the New Jersey-based company as they prepare for an urgent $4 billion IPO. This setback could have been catastrophic, but OpenAI swooped in to fill the void with its monumental agreement!
IS OPENAI ABOUT TO OUTSPEND MICROSOFT? With Microsoft previously accounting for a staggering 62% of CoreWeave’s revenue last year, this game-changing partnership could flip the script! Microsoft’s own commitment to spend $10 billion on CoreWeave’s services by 2030 is now overshadowed by OpenAI’s daring pursuit of dominion over AI capabilities.
As icing on the cake, OpenAI isn’t just buying computing power – it’s also snagging a $350 million equity stake in CoreWeave ahead of their impending IPO! This play puts OpenAI in the driver’s seat, further establishing its influence in the tech world.
FROM CRYPTO TO CLOUD KINGPIN! Founded in 2017 to mine cryptocurrency, CoreWeave has pivoted its focus to become a titan in cloud services, harnessing the power of Nvidia’s top-tier graphics processing units. With over 250,000 of these cutting-edge GPUs, CoreWeave is now among Nvidia’s biggest customers – can you say power move?
OpenAI’s audacious deal hits just as the rivalry in computing power escalates. Sam Altman, OpenAI’s visionary CEO, underscores the stakes – winning the infrastructure battle is crucial in creating the next-gen AI behemoths. Meanwhile, Microsoft CEO Satya Nadella is raising eyebrows with claims about an “overbuild” of computing resources as tech giants unleash a spending frenzy on data centers.
AND THERE’S MORE! OpenAI is also exploring jaw-dropping ventures like a potential $500 billion data center initiative with SoftBank named ‘Stargate,’ alongside talking deals with Oracle. Talk about ambition!
ONE THING IS CLEAR: This isn’t just another corporate deal – it’s a seismic shift in the tech world that could change EVERYTHING! Stay tuned, folks!
photo credit: www.ft.com
