CoreWeave Inc (NASDAQ:CRWV) announced Thursday that it has signed an expanded agreement with OpenAI valued at up to $6.5 billion, solidifying its role as a key infrastructure provider for high-performance artificial intelligence workloads. With this addition, CoreWeave’s cumulative deal value with OpenAI now totals approximately $22.4 billion, up from the prior $15.9 billion commitment.
This marks the third expansion of CoreWeave’s partnership with OpenAI, following an $11.9 billion contract in March 2025 and a $4 billion increase in May. The latest deal reinforces CoreWeave’s position as a vital partner for compute-heavy AI tasks such as model training and inference.
“We are proud to expand our relationship with OpenAI, a company consistently at the forefront of advancing artificial intelligence,” said Michael Intrator, CoreWeave’s Co-Founder, Chairman and CEO. “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.”
The importance of high-performance infrastructure in AI continues to grow as demand for compute-intensive solutions escalates. “CoreWeave has become an important partner in OpenAI’s broader infrastructure platform,” said Peter Hoeschele, VP of Infrastructure and Industrial Compute at OpenAI. “By delivering compute at unmatched speed and scale, they’re helping us advance the frontier of intelligence and ensure AI’s benefits reach everyone.”
Alongside its expanded OpenAI partnership, CoreWeave has been making strategic moves to extend its global presence and ecosystem influence. This month, the company committed £1.5 billion to support AI innovation in the UK and launched CoreWeave Ventures, a program aimed at nurturing startups building next-generation AI infrastructure.
Recent acquisitions of OpenPipe and Weights & Biases further demonstrate CoreWeave’s goal of broadening its end-to-end capabilities. By integrating advanced monitoring and development tools, the firm seeks to deliver more comprehensive AI solutions for its clients.
Despite the positive developments, CoreWeave’s stock fell 3.1% in Thursday trading, as investors weighed the capital requirements and operational risks of rapid growth in a highly competitive, capital-intensive sector.
Nevertheless, the agreement highlights CoreWeave’s increasingly pivotal role in the generative AI ecosystem. As large-scale AI models demand massive compute power, the company is positioning itself at the crossroads of hyperscale performance and operational agility.
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