CoreWeave (CRWV) Expands its Partnership With Open AI

CoreWeave, Inc. (NASDAQ:CRWV) is one of the Most Promising New Technology Stocks to Buy According to Hedge Funds. On September 25, CoreWeave, Inc. (NASDAQ:CRWV) announced expanding its partnership with OpenAI worth up to $6.5 billion.

The aim of this expansion is to power the training of OpenAI’s advanced next-generation models. The initial contract with OpenAI was announced in March 2025, with a contract value of $11.9 billion. This contract was expanded in May 2025 to $4 billion. This latest agreement takes the total contract value with OpenAI to around $22.4 billion.

In addition, CoreWeave, Inc. (NASDAQ:CRWV) also committed £1.5 billion to support AI growth in the UK and launched CoreWeave Ventures to invest in AI startups. It also expanded its platform by acquiring OpenPipe, a reinforcement learning startup, and Weights & Biases, an AI developer platform.

CoreWeave, Inc. (NASDAQ:CRWV) provides a cloud platform specialized in AI workloads. Their infrastructure offers high-performance GPU and CPU compute, networking, and storage tailored for AI model training and inference.

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Disclosure: None. This article is originally published at Insider Monkey.