CoreWeave

OpenAI and Microsoft’s ‘frenemies relationship,’ and what you missed at SXSW

AI /

This week, OpenAI inked a five-year, $11.9 billion deal with CoreWeave, the GPU-heavy cloud provider, securing its own AI computing pipeline—and a $350 million equity stake in the company. With CoreWeave’s pending IPO and deep ties to Microsoft, OpenAI’s deal marks a significant shift in the AI cloud wars. Today, on TechCrunch’s Equity podcast, hosts […]

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In another chess move with Microsoft, OpenAI is pouring $12B into CoreWeave

AI /

In a grandmaster-level chess move, OpenAI has signed a five-year, $11.9 billion agreement with the GPU-heavy cloud service provider CoreWeave, according to Reuters, which cites people close to the deal. The deal involves OpenAI receiving $350 million worth of equity in CoreWeave, the sources told Reuters. The private placement is said to be separate from

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The California AI bill is back…and it lost its teeth

Government & Policy /

California’s most controversial AI safety bill of 2024 might be dead, but its author isn’t backing down. State Senator Scott Weiner is back with SB 53, a new AI bill that strips away the most debated parts of last year’s failed legislation while keeping key whistleblower protections and a public cloud computing initiative called CalCompute.

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Ahead of a possible $4 billion IPO, CoreWeave’s founders already pocketed $488 million

AI /

CoreWeave’s initial S-1 document for its upcoming IPO is full of surprises. Backed by Nvidia, CoreWeave runs an AI-specific cloud service from its network of 32 data centers that together have more than 250,000 Nvidia GPUs as of the end of 2024, according to the company. Since then, it has also added a number of

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CoreWeave acquires AI developer platform Weights & Biases

AI /

Nvidia-backed data center company CoreWeave has acquired AI developer platform Weights & Biases for an undisclosed sum. According to The Information, CoreWeave spent $1.7 billion on the transaction. Weights & Biases was valued at $1.25 billion in 2023, and it recently filed for an IPO. Lukas Biewald, Chris Van Pelt, and Shawn Lewis founded Weights & Biases

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CoreWeave, a $19B AI compute provider, opens European HQ in London with plans for 2 UK data centers

Enterprise /

CoreWeave isn’t hanging around. Hot on the heels of a mega funding round valuing the GPU cloud company at a reported $19 billion, the New Jersey startup has opened an office in London that will serve as its European headquarters. Additionally, Coreweave said that it will open two data centers in the U.K. this year

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Alternative clouds are booming as companies seek cheaper access to GPUs

Enterprise /

The appetite for alternative clouds has never been bigger. Case in point: CoreWeave, the GPU infrastructure provider that began life as a cryptocurrency mining operation, this week raised $1.1 billion in new funding from investors including Coatue, Fidelity and Altimeter Capital. The round brings its valuation to $19 billion post-money, and its total raised to

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