OpenAI to pay CoreWeave $11.9 billion over five years for AI data centers, services
1. CoreWeave signed an $11.9 billion deal with OpenAI for data center services. 2. Company IPO prospects indicate revenue growth of over 700% to $1.92 billion. 3. CoreWeave has raised over $12 billion in the last two years for expansion. 4. Current valuation target for CoreWeave's IPO is over $35 billion. 5. CoreWeave operates 32 data centers, exceeding prior expansion goals.