CoreWeave (CRWV) announced an expanded agreement with OpenAI to power the training of its most advanced next-generation models. The contract value is up to $6.5 billion. In March 2025, CoreWeave announced an initial agreement with OpenAI with a contract value up to $11.9 billion, followed by an expanded agreement worth up to $4 billion in May 2025. The new agreement brings the total contract value with OpenAI up to approximately $22.4 billion.
Michael Intrator, CEO of CoreWeave, said: "This milestone affirms the trust that world-leading innovators have in CoreWeave's ability to power the most demanding inference and training workloads at an unmatched pace."
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.