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CoreWeave inks $11.9b contract with OpenAI ahead of IPO

CoreWeave inks $11.9b contract with OpenAI ahead of IPO

FILE PHOTO: OpenAI logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

CoreWeave, an artificial intelligence startup backed by Nvidia, has signed a five-year contract worth $11.9 billion with OpenAI ahead of its hotly anticipated stock market launch.

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