Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home Themes AI

OpenAI Secures $12 Billion Cloud Deal with CoreWeave Ahead of IPO

by Team Lumida
March 11, 2025
in AI
Reading Time: 3 mins read
A A
0
a close up of a computer screen with a message on it

Photo by Jonathan Kemper on Unsplash

Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways:

Powered by lumidawealth.com

  • OpenAI has signed a $12 billion, five-year contract with CoreWeave to supply computing power for training and running its AI models.
  • The deal includes a $350 million equity stake for OpenAI in CoreWeave at the time of its $35 billion IPO.
  • CoreWeave, originally a cryptocurrency mining company, has pivoted to cloud services and is now a major Nvidia GPU customer.
  • The agreement diversifies OpenAI’s reliance on Microsoft, which remains a key partner but recently walked away from a CoreWeave deal due to delivery issues.

  • What Happened?
    OpenAI has entered into a $12 billion, five-year agreement with CoreWeave, a cloud computing provider, to supply the computing power needed to train and run its advanced AI models. This deal comes as CoreWeave prepares for its $35 billion IPO, with OpenAI also securing a $350 million equity stake in the company at the time of the listing. The partnership helps OpenAI reduce its reliance on Microsoft, its largest cloud partner, which recently backed out of a CoreWeave deal due to delivery issues. CoreWeave, which pivoted from cryptocurrency mining to AI-focused cloud services, has become one of Nvidia’s largest GPU customers, with over 250,000 AI GPUs in its arsenal.

    Why It Matters?
    This deal underscores the growing demand for high-performance computing infrastructure in the race to develop cutting-edge AI models. For OpenAI, diversifying its cloud partnerships is critical to maintaining its competitive edge, especially as Microsoft remains a dominant partner but faces concerns about overbuilding computing capacity. For CoreWeave, the $12 billion contract with OpenAI is a significant boost ahead of its IPO, helping to offset Microsoft’s reduced spending. The partnership also highlights the increasing importance of Nvidia GPUs in powering AI advancements, positioning CoreWeave as a key player in the AI infrastructure space.

    What’s Next?
    CoreWeave’s $35 billion IPO, expected to raise $4 billion, will be closely watched as it seeks to capitalize on its growing role in AI cloud services. OpenAI’s continued investments in infrastructure, including its partnership with SoftBank on the $500 billion ‘Stargate’ data center project, signal its commitment to scaling its AI capabilities. Investors should monitor how this deal impacts CoreWeave’s market position and whether OpenAI’s diversification strategy reduces its dependency on Microsoft. Additionally, the broader AI infrastructure market will likely see increased competition as companies race to secure the computing power needed for next-generation AI development.
Source
Previous Post

Bitcoin and Nasdaq May Stabilize as Yen Bullish Positioning Looks Overstretched

Next Post

Porsche Announces 3,900 Job Cuts Amid Profit Slump and Strategic Reshuffle

Recommended For You

Big Tech’s AI Capex Surges to $400B in 2025 and Rising in 2026

by Team Lumida
12 hours ago
Big Tech’s AI Capex Surges to $400B in 2025 and Rising in 2026

Key Takeaways Powered by lumidawealth.com Alphabet, Meta, Microsoft, and Amazon plan ~$400B AI spend in 2025; all guide higher for 2026. Capacity remains short; Microsoft says demand still outpaces...

Read more

OpenAI Weighs $1 Trillion IPO Target Amid Massive AI Buildout

by Team Lumida
1 day ago
OpenAI Hack: Why AI Companies Are Prime Targets for Cyberattacks

Key Takeaways Powered by lumidawealth.com Reuters reports OpenAI may pursue a 2026 IPO targeting a ~$1T valuation; company says an IPO is “not our focus.” Recent corporate restructuring makes...

Read more

Nvidia Becomes First $5 Trillion Company as AI Supercycle Accelerates

by Team Lumida
1 day ago
Nvidia’s Stock: Is It Too Good to Be True Now?

Key Takeaways Powered by lumidawealth.com Market cap hits ~$5.03T with shares at $207.16; first company to cross $5T. AI demand drives scale: ~6M Blackwell GPUs shipped; ~14M on order....

Read more

Alphabet Posts Record Quarter as AI Demand Lifts Cloud; Capex Guide Jumps to ~$93B

by Team Lumida
1 day ago
China Stimulus: Enough to Sway Markets?

Key Takeaways Powered by lumidawealth.com Q3 revenue rose 16% to $102.3B; net income up 33% to ~$35B; shares +6% after-hours. 2025 capex guided to $91–93B vs $52.5B in 2024,...

Read more

Nvidia CEO Downplays AI Bubble Fears as He Enlists New Partners

by Team Lumida
3 days ago
Nvidia’s AI Demand Surge: Hon Hai Ramps Up Server Production

Key Takeaways Powered by lumidawealth.com Nvidia CEO Huang announced flurry of partnerships at Washington GTC conference, said Blackwell/Rubin chips on track to generate $500B revenue through 2026. Expects to...

Read more

OpenAI’s Promise to Stay in California Helped Clear the Path for Its IPO

by Team Lumida
3 days ago
OpenAI Hack: Why AI Companies Are Prime Targets for Cyberattacks

Key Takeaways Powered by lumidawealth.com OpenAI CEO Altman assured California AG Bonta the company would stay in California and expand, clearing path for corporate restructuring and potential IPO as...

Read more

Qualcomm Launches AI Chips to Challenge Nvidia’s Dominance

by Team Lumida
3 days ago
Qualcomm Launches AI Chips to Challenge Nvidia’s Dominance

Key Takeaways Powered by lumidawealth.com Qualcomm shares jumped up to 20% Monday after announcing AI accelerator chips AI200 (shipping 2026) and AI250 (2027) to rival Nvidia; available as stand-alone...

Read more

AI-Power Stock Rally Shows Cracks as Investors Reassess Electricity Demand Surge

by Team Lumida
4 days ago
AI-Power Stock Rally Shows Cracks as Investors Reassess Electricity Demand Surge

Key Takeaways Powered by lumidawealth.com A UBS “AI power demand” basket fell 12% in five sessions, worst drop since February. Oklo plunged 30% and Vistra 12%, reflecting doubts about...

Read more

AWS Loses AI Edge: Outage, Anthropic–Google Chip Deal, and Rising Competitive Pressure

by Team Lumida
6 days ago
AWS Loses AI Edge: Outage, Anthropic–Google Chip Deal, and Rising Competitive Pressure

Key Takeaways Powered by lumidawealth.com 15-hour AWS outage disrupted major apps and services, highlighting reliability risk during a pivotal AI shift. Google will supply Anthropic up to 1M AI...

Read more

AI Infrastructure Boom Overshadows U.S. Manufacturing Revival

by Team Lumida
1 week ago
China’s AI Startups Challenge Global Leaders Amid U.S. Trade Curbs

Key Takeaways: Powered by lumidawealth.com U.S. factory construction spending is down 2.5% in 2025, while data center construction is up nearly 18%, driven by AI investment. Hyperscalers like Microsoft,...

Read more
Next Post
black car in grayscale photography

Porsche Announces 3,900 Job Cuts Amid Profit Slump and Strategic Reshuffle

Walmart Expands Logistics Services Beyond Its Marketplace: What This Means for Investors

China Summons Walmart Over Supplier Price Cuts Amid Escalating Trade Tensions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

China’s Economic Struggles: Factory Activity Falls Again

China’s Single-Engine Economy: A Closer Look at the Risks and Rewards

August 4, 2024
silver and diamond ring on white table

Cadillac’s Iconic Escalade Goes Electric With the Launch of the $127,700 Escalade IQ

April 14, 2025
silhouette of man riding tractor

Agricultural Downturn: U.S. Farm Sector Faces Recession Amid Price Drops and Rising Costs

December 21, 2024

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips AI demand Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC Semiconductor stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018