AI Compute Deals

expanded

OpenAI–CoreWeave initial cloud contract (up to $11.9B)

OpenAI signed its first compute contract with CoreWeave, worth up to $11.9 billion. OpenAI also received a $350 million equity stake in CoreWeave ahead of its IPO.

Value
$11.9B1
Capacity
n/d
Term
5yrs
Accelerators
n/d

What the value means

Up to approximately $11.9 billion through October 2030, per CoreWeave's IPO prospectus. CoreWeave also issued OpenAI $350 million of stock (8.75 million shares at the IPO price).

The record

Verified 9 Nov 2026
Announced
Buyer
OpenAI
Seller / provider
CoreWeave
ValueHeadline dollar value exactly as stated in the cited source.
11,900,000,000 USD
Capacity
Not disclosed
Accelerators
Not disclosed
Chips
Not named
Term
5 years
StatusAdds to an existing relationship
expanded
Other parties
None named
Deal type
cloud-capacity, neocloud

Sources

3
  1. CoreWeave Expands Agreement with OpenAI by up to $6.5B (CoreWeave IR) read 2026-11-09
  2. CoreWeave expands OpenAI pact with new $6.5 billion contract (Reuters) read 2026-11-09
  3. CoreWeave IPO prospectus, Form 424B4 (SEC, 31 Mar 2025) read 2026-11-09

Cite this deal

AI Compute Deals, “OpenAI–CoreWeave initial cloud contract (up to $11.9B)”, https://aicomputedeals.com/openai-coreweave-initial-2025-03/ (verified 2026-11-09).

Data under CC BY 4.0. Download the full ledger.

The rest of this relationship

3 rows
  1. OpenAI–CoreWeave expansion (up to $6.5B; $22.4B total) $6.5B expanded
  2. OpenAI–CoreWeave expansion (up to $4B) $4B expanded
  3. OpenAI–CoreWeave initial cloud contract (up to $11.9B) $11.9B expanded

Every deal for OpenAI and CoreWeave.