The site, in Abilene, Texas, is expected to house 64,000 of Nvidia's coveted GB200 semiconductors by the end of 2026.

NVIDIA-backed hyperscaler AI startup CoreWeave has signed a five-year agreement valued at $11.9 billion with OpenAI. Under ...

CoreWeave, a fast-rising AI cloud provider backed by NVIDIA, has landed a massive $11.9 billion contract with OpenAI in a move that could significantly boost its upcoming initial public offering (IPO) ...

CoreWeave's partnership with OpenAI strengthens AI computing power and boosts its IPO prospects, with Nvidia playing a key ...

As part of the agreement, OpenAI will invest $350m in CoreWeave through the purchase of CoreWeave stock. CoreWeave plans to ...

CoreWeave, an artificial intelligence startup backed by Nvidia , has signed a five-year contract worth $11.9 billion with ...

OpenAI and Oracle are expected to deploy 64,000 Nvidia GB200s at the Stargate data center in Abilene, Texas by the end of ...

Data centers contributed 4.7 million jobs to the US economy between 2017 and 2023, a PwC study found. Most of them aren't ...

According to Reuters, which first reported the news, CoreWeave will not receive any IPO proceeds from the OpenAI stake. The ...

The company sees solid demand for its cloud infrastructure for generative AI and partnerships. Read more at straitstimes.com.

It also underscores the potential scale of the Stargate joint venture, which was unveiled by OpenAI, SoftBank Group Corp. and Oracle at a White House event in January. OpenAI previously said ...