CoreWeave (CRWV, Financial) has entered into a new collaboration with OpenAI, as part of a series of strategic moves by the AI company to develop its data center network. This comes after a significant joint project, dubbed “Stargate,” between SoftBank and OpenAI faced setbacks. Despite initial high expectations for the $500 billion initiative, progress has been limited, with only a single modest data center now planned for completion by the end of the year, potentially in Ohio.
While SoftBank and OpenAI have encountered disagreements over essential partnership details, OpenAI is advancing independently, having inked a substantial agreement with Oracle valued at over $30 billion annually. In this evolving landscape, CoreWeave sees its smaller-scale deal with OpenAI as a notable achievement, positioning itself as an essential player in the AI infrastructure sector.
