Deep Tide TechFlow News, on May 15, according to CNBC, CoreWeave disclosed in its first earnings report following the IPO that OpenAI signed a new contract worth $4 billion after the end of the first quarter. This agreement is another significant deal following a five-year collaboration worth up to $11.9 billion that both parties reached within the first quarter.

CoreWeave CEO Mike Intrator stated that these new contracts reflect strong demand from customers for its infrastructure services, rather than factors of price increases. It is noteworthy that OpenAI also relies on Microsoft's infrastructure services, which contributed 62% of CoreWeave's revenue in 2024.