ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/coreweave” target=”_blank”>CoreWeave reversed course to gain around 3% on Thursday after the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/ai-cloud-firm” target=”_blank”>AI cloud firm announced an expanded deal with ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/openai” target=”_blank”>OpenAI of up to $4 billion, lifting investor sentiment that had taken a hit from the company’s hefty capital spending plans.
OpenAI has committed to pay the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/nvidia-backed” target=”_blank”>Nvidia-backed data center operator through April 2029, CoreWeave said in a regulatory filing.
CoreWeave executives had said on a post-earnings call on Wednesday that they had signed an expansion deal without naming the company. They also added CoreWeave had signed on a new hyperscaler as…
