Michael Intrator, co-founder and chief executive officer of CoreWeave Inc., during an interview on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Sept. 22, 2025.
Michael Nagle | Bloomberg | Getty Images
CoreWeave on Thursday announced a $6.5 billion deal with OpenAI, expanding its current agreement with the artificial intelligence startup behind ChatGPT.
The new agreement brings the AI cloud infrastructure provider’s total contracts with OpenAI to $22.5 billion.
“This milestone affirms the trust that world-leading innovators have in CoreWeave’s ability to power the most demanding inference and training workloads at an unmatched pace,” CoreWeave CEO Michael Intrator said in a statement.
In March, CoreWeave announced an $11.9-billion agreement with OpenAI to provide AI datacenters and technology over five years. Intrator told CNBC in May that the companies expanded the agreement by $4 billion.
CoreWeave, which went public in March, makes money by renting out data centers packed with numerous Nvidia graphics processing units. The company is backed by Nvidia and makes a significant chunk of its revenue from Microsoft, which is a key investor in OpenAI.
At the time of its prospectus, CoreWeave said it operated 32 datacenters powered over 250,000 Nvidia GPUs. Its datacenter plans span the U.S. and parts of Europe.
CoreWeave’s latest projects include a $6-billion deal for an initial 100 megawatt datacenter in Lancaster, Pennsylvania and commitments to building up the United Kingdom’s AI datacenter capacity.
Earlier this month, CoreWeave’s share price popped after the company disclosed a $6.3 billion order from Nvidia.
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