According to Deep Tide TechFlow, CoreWeave disclosed in its first earnings report after the IPO that OpenAI has signed a new contract worth $4 billion with it after the end of the first quarter. This is another significant deal following the five-year collaboration worth $11.9 billion that the two parties reached. CoreWeave CEO Mike Intrator stated that these new contracts reflect strong customer demand for its infrastructure services, rather than price increases. It is worth noting that OpenAI also relies on Microsoft's infrastructure services, which contributed 62% of CoreWeave's revenue in 2024.