By News Editor 
AI infrastructure giant CoreWeave announced Thursday a substantial expansion of its OpenAI partnership, clinching an additional $6.5 billion contract to enhance the computing infrastructure of the Microsoft-supported AI research company.
The cloud computing specialist revealed that this latest agreement elevates their total contractual relationship with the ChatGPT creator to an impressive $22.4 billion.
This represents the partnership’s second major growth phase since its March debut at $11.9 billion. CoreWeave had previously announced a $4 billion contract enhancement in May, demonstrating the rapidly escalating demand for AI computational resources.
“This achievement validates the confidence that leading global innovators place in CoreWeave’s capacity to support the most intensive inference and training operations with unparalleled efficiency,” stated Michael Intrator, CoreWeave’s Chief Executive Officer.
The market welcomed the news favorably, with CoreWeave stock gaining 0.7% during Thursday’s trading hours.
“CoreWeave has emerged as a crucial component of OpenAI’s comprehensive infrastructure ecosystem,” remarked Peter Hoeschele, OpenAI’s Vice President of Infrastructure and Industrial Compute. “Through their delivery of computing power at exceptional speed and scale, they enable us to push the boundaries of artificial intelligence while ensuring widespread access to AI benefits.”
This development comes on the heels of CoreWeave’s recent announcement of a substantial £1.5 billion ($2 billion) investment commitment for expanding its United Kingdom data center operations.
The broader AI infrastructure sector has witnessed remarkable investment activity this week. Nvidia committed Monday to bolster OpenAI’s computational capabilities with a potential $100 billion investment. The agreement includes deploying a minimum of 10 gigawatts of Nvidia hardware for OpenAI’s advanced AI infrastructure initiatives.
Additionally, Tuesday brought news of a collaborative venture between OpenAI, Oracle, and Japan’s SoftBank, announcing five new U.S.-based AI data center locations under OpenAI’s ambitious Stargate infrastructure program, targeting $500 billion in investments across four years.
CoreWeave Secures Massive $6.5B Contract Extension with OpenAI, Bringing Total Partnership Value to $22.4 Billion
AI cloud infrastructure provider CoreWeave announced a significant expansion of its partnership with OpenAI on Thursday, securing an additional contract worth up to $6.5 billion to bolster the Microsoft-backed artificial intelligence laboratory’s computing capabilities.
This latest agreement represents the second major expansion of their collaboration since the partnership was initially announced in March with a value of $11.9 billion. The relationship has grown substantially, with CoreWeave previously disclosing a $4 billion add-on deal in May, demonstrating the escalating demand for AI infrastructure.
The market responded positively to the announcement, with CoreWeave shares climbing 0.7% during Thursday’s trading session, reflecting investor confidence in the company’s strategic position within the rapidly expanding AI infrastructure market.
This announcement follows CoreWeave’s recent commitment to invest 1.5 billion British pounds ($2 billion) for expanding its UK data center operations, announced last week, signaling the company’s global expansion strategy.
The AI infrastructure landscape has seen unprecedented investment activity this week. On Monday, Nvidia committed to supporting OpenAI’s computing expansion with an investment of up to $100 billion, including plans to deploy at least 10 gigawatts of Nvidia systems for next-generation AI infrastructure.
Adding to the momentum, OpenAI, Oracle, and Japan’s SoftBank announced five new AI data center sites in the United States on Tuesday under OpenAI’s ambitious Stargate AI infrastructure platform, which aims to invest $500 billion over the next four years.