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OpenAI to Pay CoreWeave $11.9 Billion Over Five Years for AI Data Centers, Services

  • The US seeks to invest billions in AI data centers, potentially overlooking Australia due to restrictive laws on copyright and data privacy that limit competition for AI infrastructure.
  • Ryan Brown from OpenAI stated that restrictive copyright and data privacy laws could drive companies to invest elsewhere in a competitive market.
  • Matthew A'Hearn mentioned that his firm invested in a $2 billion data center in Melbourne, highlighting Australia's potential role in the AI data center boom.
  • Cohen warned that Australia’s status could be threatened if the US utilizes it as leverage in negotiations, potentially increasing competition for US technology.
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BenzingaBenzinga

OpenAI Secures Near-$12 Billion CoreWeave Deal, Taking Stake In Cloud Firm Ahead Of $35 Billion IPO To Reportedly Reduce Microsoft Dependence - Meta Platforms (NASDAQ:META), Goldman Sachs Group (NYSE:GS)

OpenAI has signed an $11.9 billion contract with CoreWeave and will acquire a $350 million equity stake in the cloud computing provider, strengthening the company ahead of its expected $35 billion initial public offering. What Happened: The agreement enables OpenAI to reduce its reliance on Microsoft Corp. (NASDAQ:MSFT) for the computing power required to train and operate its AI models, reported Financial Times, citing sources. “Partnering with…

·New York, United States
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Financial TimesFinancial Times

OpenAI strikes $12bn deal with CoreWeave

Contract is a boost to the cloud computing provider ahead of its $35bn initial public offering

·London, United Kingdom
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Rutland HeraldRutland Herald
+47 Reposted by 47 other sources

CoreWeave Announces Agreement with OpenAI to Deliver AI Infrastructure

CoreWeave to provide dedicated compute capacity for OpenAI's model training and services

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BloombergBloomberg

Cloud Provider CoreWeave Inks $11.9 Billion Contract With OpenAI

CoreWeave Inc. has agreed a five-year contract with OpenAI Inc., according to a person familiar with the matter.

·United States
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CNBCCNBC

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

Ahead of CoreWeave's upcoming IPO, the provider of data centers for AI has signed a five-year deal with OpenAI worth almost $12 billion.

·United States
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Australian Financial ReviewAustralian Financial Review

Land rush at Sydney’s Aerotropolis with $450m government site on offer

The large tract of land can fit data centres or an industrial estate that would have an end value of about $1.5 billion.

·Sydney, Australia
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Reuters broke the news in United Kingdom on Sunday, March 9, 2025.
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