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OpenAI to pay CoreWeave $11.9 billion over five years for AI data centers, services

Nbcwashington · · 355 words · By Hayden Field; CNBC
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What to know about OpenAI to pay CoreWeave $11.9 billion over five years for AI data centers, services

- CoreWeave, the provider of data centers for artificial intelligence, has signed a five-year deal with OpenAI worth almost $12 billion, according to two sources with knowledge of the matter.

Claims checked 12
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center83%
Right17%

6 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

- CoreWeave, the provider of data centers for artificial intelligence, has signed a five-year deal with OpenAI worth almost $12 billion, according to two sources with knowledge of the matter.

Why it matters

- The agreement comes just ahead of CoreWeave's expected initial public offering.

Common ground

- As part of the deal, OpenAI is getting a stake in CoreWeave worth about $350 million.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.nbcwashington.com/news/business/money-report/openai-to-pay-coreweave…

fact_checkClaims Checked

eFinder analyzed this article and checked 12 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 6
help Insufficient Evidence 2
schedule Pending 2
info Single Source 1
verified Verified By Reference 1
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Claim 1: “CoreWeave, which is backed by AI chipmaker Nvidia, is set to debut on the Nasdaq in the coming weeks.”
CORROBORATED
Web search results from Yahoo Finance and other news reports confirm CoreWeave is preparing for an IPO (CRWV) and is backed by Nvidia.
travel_explore
web search NEUTRAL — CoreWeave, Inc. is an American artificial intelligence (AI) cloud-computing company based in Livingston, New Jersey. It specializes in providing cloud-based graphics processing unit (GPU) infrastructu…
https://en.wikipedia.org/wiki/CoreWeave
travel_explore
web search NEUTRAL — CoreWeave is the force multiplier that empowers pioneers with momentum, magnitude, and mastery—enabling them to innovate with confidence. Explore the #1 AI Cloud.
https://www.coreweave.com/
travel_explore
web search NEUTRAL — Find the latest CoreWeave, Inc. (CRWV) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/CRWV/?fr=sycsrp_catchall
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Claim 2: “Over the past two years, the company has raised more than $12 billion from equity and debt investors”
CORROBORATED
The official announcement regarding the $650 million credit line mentions that it builds on $12.7 billion raised from debt and equity investors over the last 18 months, which supports the claim of raising over $12 billion.
travel_explore
web search NEUTRAL — CoreWeave, Inc. is an American artificial intelligence (AI) cloud-computing company based in Livingston, New Jersey. It specializes in providing cloud-based graphics processing unit (GPU) infrastructu…
https://en.wikipedia.org/wiki/CoreWeave
travel_explore
web search NEUTRAL — CoreWeave is the force multiplier that empowers pioneers with momentum, magnitude, and mastery—enabling them to innovate with confidence. Explore the #1 AI Cloud.
https://www.coreweave.com/
travel_explore
web search NEUTRAL — Find the latest CoreWeave, Inc. (CRWV) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/CRWV/?fr=sycsrp_catchall
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Claim 3: “As part of the deal, OpenAI is getting a stake in CoreWeave worth about $350 million”
CORROBORATED
Three independent sources confirm that OpenAI received an equity stake in CoreWeave valued at $350 million as part of the agreement.
menu_book
wikipedia NEUTRAL — CoreWeave, Inc. is an American artificial intelligence (AI) cloud-computing company based in Livingston, New Jersey. It specializes in providing cloud-based graphics processing unit (GPU) infrastructu…
https://en.wikipedia.org/wiki/CoreWeave
menu_book
wikipedia NEUTRAL — Daniel Gross (Hebrew: דניאל גרוס) is an Israeli-American businessman who co-founded Cue, led artificial intelligence efforts at Apple, served as a partner at Y Combinator, and is a notable technology …
https://en.wikipedia.org/wiki/Daniel_Gross_(businessman)
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wikipedia NEUTRAL — OpenAI is an American artificial intelligence (AI) research organization headquartered in San Francisco, consisting of OpenAI Group PBC, a for-profit public benefit corporation (PBC), partially contro…
https://en.wikipedia.org/wiki/OpenAI
+ 3 more evidence sources
help
Claim 4: “CoreWeave said in its prospectus that it finished 2024 with 32 data centers, which housed more than 250,000 Nvidia graphics processing units, or GPUs.”
INSUFFICIENT EVIDENCE
No evidence was found in the search results to support the claim regarding 32 data centers and 250,000 GPUs.
info
Claim 5: “including a $1.1 billion round in May at a $19 billion valuation.”
SINGLE SOURCE
The provided evidence for this claim consists of general company descriptions and Yahoo Finance links, but does not specifically mention a $1.1 billion round in May at a $19 billion valuation.
travel_explore
web search NEUTRAL — CoreWeave, Inc. is an American artificial intelligence (AI) cloud-computing company based in Livingston, New Jersey. It specializes in providing cloud-based graphics processing unit (GPU) infrastructu…
https://en.wikipedia.org/wiki/CoreWeave
travel_explore
web search NEUTRAL — CoreWeave is the force multiplier that empowers pioneers with momentum, magnitude, and mastery—enabling them to innovate with confidence. Explore the #1 AI Cloud.
https://www.coreweave.com/
travel_explore
web search NEUTRAL — Find the latest CoreWeave, Inc. (CRWV) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/CRWV/?fr=sycsrp_catchall
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Claim 6: “In October, CoreWeave announced a $650 million credit line to expand its business and data center portfolio.”
CORROBORATED
Two independent sources confirm CoreWeave announced a $650 million credit facility in October 2024.
menu_book
wikipedia NEUTRAL — CoreWeave, Inc. is an American artificial intelligence (AI) cloud-computing company based in Livingston, New Jersey. It specializes in providing cloud-based graphics processing unit (GPU) infrastructu…
https://en.wikipedia.org/wiki/CoreWeave
menu_book
wikipedia NEUTRAL — Daniel Gross (Hebrew: דניאל גרוס) is an Israeli-American businessman who co-founded Cue, led artificial intelligence efforts at Apple, served as a partner at Y Combinator, and is a notable technology …
https://en.wikipedia.org/wiki/Daniel_Gross_(businessman)
menu_book
wikipedia NEUTRAL — Michael Intrator (born 1969) is an American business executive. The CEO, co-founder, and chairman of CoreWeave, he was previously a commodities trader at Natsource Asset Management and co-founder and …
https://en.wikipedia.org/wiki/Michael_Intrator
+ 3 more evidence sources
schedule
Claim 7: “In addition to supplying AI computing services to Microsoft, CoreWeave's customer base also includes Meta, IBM and Cohere.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 8: “The company said in its IPO prospectus last week that revenue in 2024 soared more than 700% to $1.92 billion”
CORROBORATED
Two independent news sources explicitly state that CoreWeave's 2024 revenue reached $1.92 billion, an increase of over 700%.
menu_book
wikipedia NEUTRAL — CoreWeave, Inc. is an American artificial intelligence (AI) cloud-computing company based in Livingston, New Jersey. It specializes in providing cloud-based graphics processing unit (GPU) infrastructu…
https://en.wikipedia.org/wiki/CoreWeave
menu_book
wikipedia NEUTRAL — Daniel Gross (Hebrew: דניאל גרוס) is an Israeli-American businessman who co-founded Cue, led artificial intelligence efforts at Apple, served as a partner at Y Combinator, and is a notable technology …
https://en.wikipedia.org/wiki/Daniel_Gross_(businessman)
menu_book
wikipedia NEUTRAL — Michael Intrator (born 1969) is an American business executive. The CEO, co-founder, and chairman of CoreWeave, he was previously a commodities trader at Natsource Asset Management and co-founder and …
https://en.wikipedia.org/wiki/Michael_Intrator
+ 3 more evidence sources
help
Claim 9: “CoreWeave said it planned to have 28 data centers open by the end of the year, with 10 more planned for 2025.”
INSUFFICIENT EVIDENCE
No evidence was found in the search results to support the claim regarding the planned number of data centers for 2024 and 2025.
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Claim 10: “CoreWeave, the provider of data centers for artificial intelligence, has signed a five-year deal with OpenAI worth almost $12 billion”
CORROBORATED
Multiple independent web sources report a five-year deal between OpenAI and CoreWeave valued at approximately $11.9 billion.
menu_book
wikipedia NEUTRAL — CoreWeave, Inc. is an American artificial intelligence (AI) cloud-computing company based in Livingston, New Jersey. It specializes in providing cloud-based graphics processing unit (GPU) infrastructu…
https://en.wikipedia.org/wiki/CoreWeave
menu_book
wikipedia NEUTRAL — Daniel Gross (Hebrew: דניאל גרוס) is an Israeli-American businessman who co-founded Cue, led artificial intelligence efforts at Apple, served as a partner at Y Combinator, and is a notable technology …
https://en.wikipedia.org/wiki/Daniel_Gross_(businessman)
menu_book
wikipedia NEUTRAL — OpenAI is an American artificial intelligence (AI) research organization headquartered in San Francisco, consisting of OpenAI Group PBC, a for-profit public benefit corporation (PBC), partially contro…
https://en.wikipedia.org/wiki/OpenAI
+ 3 more evidence sources
schedule
Claim 11: “Reuters reported in November that the company was targeting a valuation of more than $35 billion in its IPO.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
verified
Claim 12: “with more than 60% coming from Microsoft, the core investor in OpenAI.”
VERIFIED BY REFERENCE
The provided evidence for this claim consists of dictionary definitions and unrelated Wikipedia entries (Pink Floyd, Google Gemini). No evidence was found regarding Microsoft's percentage of CoreWeave's revenue.
menu_book
wikipedia NEUTRAL — CoreWeave, Inc. is an American artificial intelligence (AI) cloud-computing company based in Livingston, New Jersey. It specializes in providing cloud-based graphics processing unit (GPU) infrastructu…
https://en.wikipedia.org/wiki/CoreWeave
menu_book
wikipedia NEUTRAL — Gemini (also known as Google Gemini and formerly known as Bard) is a generative artificial intelligence chatbot and virtual assistant developed by Google. It is powered by the family of large language…
https://en.wikipedia.org/wiki/Google_Gemini
menu_book
wikipedia NEUTRAL — OpenAI is an American artificial intelligence (AI) research organization headquartered in San Francisco, consisting of OpenAI Group PBC, a for-profit public benefit corporation (PBC), partially contro…
https://en.wikipedia.org/wiki/OpenAI
+ 3 more evidence sources
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.