Big news in the tech world! CoreWeave, a company that builds super-fast computers for artificial intelligence (AI), just made a huge deal. They're going to help a famous AI company called OpenAI, the creators of ChatGPT, with their powerful computers for many years to come. This is a really big step for CoreWeave, as they are planning to sell shares of their company to the public soon!
- CoreWeave will provide computer power to OpenAI for five years.
- This deal is worth a whopping $11.9 billion!
- OpenAI will get some shares of CoreWeave in return.
- CoreWeave is getting ready to sell its own shares to investors (an IPO).
| Fact | Number |
|---|---|
| Deal Value | $11.9 Billion |
| OpenAI's Share Value | $350 Million |
| CoreWeave's 2024 Revenue | $1.92 Billion |
| CoreWeave's Target IPO Valuation | Over $35 Billion |
