TechFlow, May 15 — According to CNBC, CoreWeave disclosed in its first financial report after IPO that OpenAI signed a new $4 billion contract with the company after the end of the first quarter. This agreement comes in addition to the previously announced five-year, up to $11.9 billion collaboration finalized during the first quarter.
CoreWeave CEO Mike Intrator said these additional contracts reflect strong customer demand for its infrastructure services, rather than price increases. Notably, OpenAI also relies on Microsoft's infrastructure services, which accounted for 62% of CoreWeave's revenue in 2024.
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