OpenAI acquires stake in data centre builder CoreWeave
OpenAI is taking a stake in IPO candidate CoreWeave for $350 million. The AI company promises $12 billion worth of business to the US data centre builder.
The tech world is feasting on the deal, as it is being looked at like a new development in a soap opera. After all, the major shareholder in OpenAI is Microsoft. That twosome just agreed that OpenAI may start dating others, but not hugging too intimately yet.
The first date is CoreWeave. CEO Sam Altman’s goal here is to become less dependent on Microsoft’s AI infrastructure and, therefore, pay less rent. In other words, it’s a step toward independence.
That is also the reason OpenAI is investing in Stargate, the megaconcept in which participants are investing $500 billion in accelerated, collaborative construction of AI infrastructure.
CoreWeave is talking to interested investors about an IPO. That could take place sometime in the next few days or weeks, although no statements have been formally made about that yet.
Most of CoreWeave’s data centres are in the US. It has one in Sweden and one in Spain and recently brought two online in England. Norway is still in the planning stages.
By the end of 2024, Coreweave opened 28 data centres worldwide, with another 10 planned for 2025. It plans to invest $2.2 billion in Europe and $1.3 million in the UK.
Emerce
Subscribers 0
Fans 0
Followers 0
Followers