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OpenAI expands CoreWeave tie-up with new $4 billion cloud deal

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The OpenAI relationship could help ease CoreWeave's reliance on Microsoft.
OpenAI has secured a significant investment from Microsoft, amounting to $10 billion, to enhance its artificial intelligence capabilities, particularly in the realm of generative AI. This funding will be used to expand OpenAI's operations and develop new AI technologies. A key part of this strategy involves a partnership with CoreWeave, a cloud computing provider, to bolster OpenAI's computing power. CoreWeave, which specializes in GPU-accelerated cloud infrastructure, has itself received a $2.3 billion debt financing from Magnetar Capital and Blackstone, aimed at supporting its expansion and meeting the growing demand for AI computing resources. This collaboration is set to accelerate OpenAI's AI development and deployment, leveraging Microsoft's financial backing and CoreWeave's specialized cloud services.

Read the Full Fortune Article at:
[ https://fortune.com/article/openai-coreweave-microsoft-cloud-ai-funding-deal/ ]