CoreWeave on Thursday announced a $6.5 billion deal with OpenAI, expanding its current agreement with the artificial intelligence startup behind ChatGPT.
The new agreement brings the AI cloud infrastructure provider’s total contracts with OpenAI to $22.5 billion.
“This milestone affirms the trust that world-leading innovators have in CoreWeave’s ability to power the most demanding inference and training workloads at an unmatched pace,” CoreWeave CEO Michael Intrator said in a statement.
In March, CoreWeave announced an $11.9-billion agreement with OpenAI to provide AI datacenters and technology over five years. Intrator told CNBC in May that the companies expanded the agreement by $4 billion.
CoreWeave, which went public in March, makes money by renting out data centers packed with numerous Nvidia graphics processing units. The company is backed by Nvidia and makes a significant chunk of its revenue from Microsoft , which is a key investor in OpenAI.
Earlier this month, CoreWeave’s share price popped after the company disclosed a $6.3 billion order from Nvidia.