CoreWeave to power Google's OpenAI cloud deal
CoreWeave, a cloud company focused on AI infrastructure, has seen its stock climb over 270% since going public in March. Investors seem optimistic—despite ongoing net losses—especially after the company pulled in $981.6 million revenue in Q1 2025, up a massive 420% from last year.
Who is CoreWeave?
CoreWeave builds cloud platforms powered by GPUs for AI applications. The company is growing fast but reported a $1.49 per share loss last quarter, mainly because it's spending heavily to expand and keep up with demand.
Massive deals with OpenAI and Google
CoreWeave has landed major deals: an $11.9 billion agreement with OpenAI and another worth up to $4 billion as an expansion with OpenAI. It supplies GPU-powered cloud capacity to Google, which then provides it to OpenAI—helping all three companies scale their AI ambitions together.