CoreWeave recently announced a five-year deal with OpenAI, worth potentially 11.9 billion USD. As part of this agreement, OpenAI is set to invest 350 million USD in CoreWeave, helping to strengthen the company’s financial standing.

This partnership is particularly important for CoreWeave after Microsoft canceled several contracts related to AI infrastructure. The loss of these contracts has affected around two-thirds of CoreWeave’s revenue, highlighting the strategic importance of the new deal.

The cloud AI market is on a growth trajectory, projected to reach 398 billion USD by 2030, with a compound annual growth rate (CAGR) of 30.9%. This expansion represents significant opportunities for companies like CoreWeave in providing scalable AI solutions.