No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, October 26, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

CoreWeave to offer compute capacity in Google’s new cloud deal with OpenAI, sources say

by TheAdviserMagazine
5 months ago
in Business
Reading Time: 3 mins read
A A
CoreWeave to offer compute capacity in Google’s new cloud deal with OpenAI, sources say
Share on FacebookShare on TwitterShare on LInkedIn


By Krystal Hu

(Reuters) -CoreWeave has emerged as a winner in Google’s newly signed partnership with OpenAI, sources familiar with the matter told Reuters, in the latest example of the voracious appetite for computing resources in the artificial-intelligence industry and the formation of new alliances to meet them.

The so-called neocloud company, which sells cloud computing services built on Nvidia’s graphics processing units, is slated to provide computing capacity to Google’s cloud unit, and Alphabet’s Google will then sell that computing capacity to OpenAI to meet the growing demand for services like ChatGPT, the sources said. Google will also provide some of its own computing resources to OpenAI, added the sources, who requested anonymity to discuss private matters.

The details of the arrangement, first reported by Reuters on Tuesday, highlight the evolving dynamics between hyperscalers like Amazon.com, Microsoft and Google and so-called neocloud companies like Coreweave. Hyperscalers are large cloud service providers that offer massive-scale data centers and cloud infrastructure. The insatiable hunger for computing resources has generated major investment commitments and turned rivals into partners.

Backed by OpenAI and Nvidia, Coreweave signed up Google as a customer in the first quarter.

CoreWeave, Google and OpenAI declined to comment.

CoreWeave, a specialized cloud provider that went public in March, has already been a major supplier of OpenAI’s infrastructure. It has signed a five-year contract worth $11.9 billion with OpenAI to provide dedicated computing capacity for OpenAI’s model training and inference. OpenAI also took a $350 million equity stake in CoreWeave in March.

This partnership was further expanded last month through an additional agreement worth up to $4 billion, extending through April 2029, underscoring OpenAI’s escalating demand for high-performance computing resources.

Industry insiders say adding Google Cloud as a new customer could help CoreWeave diversify its revenue sources, and having a credible partner with deep pockets like Google enables the startup to secure more favorable financing terms to support ambitious data center buildouts across the country.

This could also boost Google’s cloud unit, which generated $43 billion in sales last year, allowing it to capitalize on the growth of OpenAI, which is also one of its largest competitors in areas like search and chatbots. It positions Google as a neutral provider of computing resources in competition with peers such as Amazon and Microsoft.

Story Continues

CoreWeave’s deal with Google coincides with Microsoft’s re-evaluation of its data center strategy, including withdrawing from certain data center leases. Microsoft, once Coreweave’s largest customer, accounting for about 62% of its 2024 revenue, is also renegotiating with OpenAI to revise the terms of their multibillion-dollar investment, including the future equity stake it will hold in OpenAI.

CoreWeave, backed by Nvidia, has established itself as a fast-rising provider of GPU-based cloud infrastructure in the AI wave. While its public debut in March was met with a lukewarm response due to concerns over its highly leveraged capital structure and shifting GPU demand, the company’s stock has surged since its IPO price of $40 per share, gaining over 270% and reaching a record high of $166.63 in June.

(Reporting by Krystal Hu in New York and Kenrick Cai in San FranciscoEditing by Matthew Lewis)



Source link

Tags: capacitycloudComputeCoreWeavedealGooglesofferOpenAIsources
ShareTweetShare
Previous Post

The Rich Think Differently. What is Rich Thinking?

Next Post

Stocks dip despite Trump’s notice of ‘DONE’ deal with China and better-than-expected inflation data

Related Posts

edit post
What Saudi Arabia and Bangladesh can teach Silicon Valley

What Saudi Arabia and Bangladesh can teach Silicon Valley

by TheAdviserMagazine
October 26, 2025
0

The way Saudi entrepreneur Mohammed Aldossary sees it, innovators are animated by the same motivations whether they are in Silicon...

edit post
Here are the major earnings before the open Monday

Here are the major earnings before the open Monday

by TheAdviserMagazine
October 26, 2025
0

Oct. 26, 2025 6:00 PM ETCAJPY, PKX, RVTY, ARLP, CRI, BOH, DQ, DEA, KDPBy: Deepa Sarvaiya, SA News EditorMajor earnings...

edit post
49-year-old favorite pizza chain files for Chapter 11 bankruptcy

49-year-old favorite pizza chain files for Chapter 11 bankruptcy

by TheAdviserMagazine
October 26, 2025
0

The pizza restaurant industry is one of the most competitive dining sectors in the U.S., with two pizza giants ranking...

edit post
Global central banks cut US T-bill exposure, increase gold reserves

Global central banks cut US T-bill exposure, increase gold reserves

by TheAdviserMagazine
October 26, 2025
0

Global central banks are reducing US Treasury holdings and increasing gold reserves. India's gold reserves surpassed $100 billion. Gold prices...

edit post
Skill financing scheme, Pradhan Mantri Kaushal Mudra Yojana, likely to be unveiled in Budget

Skill financing scheme, Pradhan Mantri Kaushal Mudra Yojana, likely to be unveiled in Budget

by TheAdviserMagazine
October 26, 2025
0

New Delhi: India is firming up a new scheme-Pradhan Mantri Kaushal Mudra Yojana (PMKMY)- to fund skilling of the country's...

edit post
Kamala Harris expects a woman to be president, and says it could ‘possibly’ be her — ‘I’m not done’

Kamala Harris expects a woman to be president, and says it could ‘possibly’ be her — ‘I’m not done’

by TheAdviserMagazine
October 26, 2025
0

Kamala Harris isn’t ruling out another run for the White House. In an interview with the BBC posted Saturday, Harris said she expects...

Next Post
edit post
Stocks dip despite Trump’s notice of ‘DONE’ deal with China and better-than-expected inflation data

Stocks dip despite Trump’s notice of ‘DONE’ deal with China and better-than-expected inflation data

edit post
FPA’s new online tool aims to help advisors boost behavioral skills

FPA's new online tool aims to help advisors boost behavioral skills

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
U.S. Stocks Are Breaking Records. The Rest of the World Is Doing Better.

U.S. Stocks Are Breaking Records. The Rest of the World Is Doing Better.

0
edit post
HSBC to recognize .1 billion in provision after court ruling in Madoff case

HSBC to recognize $1.1 billion in provision after court ruling in Madoff case

0
edit post
Global central banks cut US T-bill exposure, increase gold reserves

Global central banks cut US T-bill exposure, increase gold reserves

0
edit post
High Dividend 50: Ellington Financial Inc.

High Dividend 50: Ellington Financial Inc.

0
edit post
As Pentagon Takes Secretive Donation for Military Salaries, AFL-CIO Says Pay All Workers Impacted by Shutdown

As Pentagon Takes Secretive Donation for Military Salaries, AFL-CIO Says Pay All Workers Impacted by Shutdown

0
edit post
US And China Signal Progress In Kuala Lumpur; Crypto Traders Take Notice

US And China Signal Progress In Kuala Lumpur; Crypto Traders Take Notice

0
edit post
HSBC to recognize .1 billion in provision after court ruling in Madoff case

HSBC to recognize $1.1 billion in provision after court ruling in Madoff case

October 26, 2025
edit post
What Saudi Arabia and Bangladesh can teach Silicon Valley

What Saudi Arabia and Bangladesh can teach Silicon Valley

October 26, 2025
edit post
US And China Signal Progress In Kuala Lumpur; Crypto Traders Take Notice

US And China Signal Progress In Kuala Lumpur; Crypto Traders Take Notice

October 26, 2025
edit post
Here are the major earnings before the open Monday

Here are the major earnings before the open Monday

October 26, 2025
edit post
49-year-old favorite pizza chain files for Chapter 11 bankruptcy

49-year-old favorite pizza chain files for Chapter 11 bankruptcy

October 26, 2025
edit post
SharpLink Gaming Withdraws M Ethereum, Boosts Supercycle

SharpLink Gaming Withdraws $78M Ethereum, Boosts Supercycle

October 26, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • HSBC to recognize $1.1 billion in provision after court ruling in Madoff case
  • What Saudi Arabia and Bangladesh can teach Silicon Valley
  • US And China Signal Progress In Kuala Lumpur; Crypto Traders Take Notice
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.