A fresh surge of funding has brought the high-profile relationship between artificial intelligence powerhouse CoreWeave and OpenAI into sharper focus.
Earlier this year, CoreWeave and OpenAI established a partnership to bolster the training of OpenAI’s cutting-edge models. Now, both companies have agreed to extend their collaboration, signing a new deal reported to be worth up to $6.5 billion.
Altogether, the total value of CoreWeave’s contracts with OpenAI now stands at an eye-popping $22.4 billion.
Michael Intrator, CoreWeave’s co-founder and chief executive, described the new milestone as an endorsement of CoreWeave’s technology. “We are proud to expand our relationship with OpenAI, a company consistently at the forefront of advancing artificial intelligence,” Intrator said.
Recently, CoreWeave launched a new project called CoreWeave Ventures, promising support for emerging AI startups, and committed an additional $2 billion to AI growth in the United Kingdom.
Massive Ambitions and Unprecedented Spending
While CoreWeave gears up for broader investments, OpenAI’s own vision is bolder than ever. Sam Altman, the company’s chief, took to his personal blog this week to outline a future where AI resources are as easily accessible as electricity.
“Our vision is simple: we want to create a factory that can produce a gigawatt of new AI infrastructure every week,” Altman wrote, noting that this effort would require significant breakthroughs across hardware, energy, construction, and robotics.
OpenAI’s ambitions are reflected in its finances. The company’s yearly revenue has doubled, hitting $12 billion in 2025, but so have its spending projections, with forecasts pointing to as much as $115 billion in costs through 2029.
Recent months have seen OpenAI secure a wave of substantial deals with some of tech’s biggest names. Nvidia intends to invest up to $100 billion with OpenAI beginning next year, setting records for private investment, while OpenAI will commit to buying millions of Nvidia chips.
In a separate development, Oracle signed a $300 billion partnership to anchor OpenAI’s next round of infrastructure expansion.
These agreements highlight an unmistakable theme: unprecedented spending. OpenAI is racing to secure access to compute and cloud power on a scale rarely seen, and new project funding in the AI sector.
