CoreWeave (CRWV) Expands its Partnership With Open AI

CoreWeave, Inc. (NASDAQ:CRWV) is one of the Most Promising New Technology Stocks to Buy According to Hedge Funds. On September 25, CoreWeave, Inc. (NASDAQ:CRWV) announced expanding its partnership with OpenAI worth up to $6.5 billion.

The aim of this expansion is to power the training of OpenAI’s advanced next-generation models. The initial contract with OpenAI was announced in March 2025, with a contract value of $11.9 billion. This contract was expanded in May 2025 to $4 billion. This latest agreement takes the total contract value with OpenAI to around $22.4 billion.

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In addition, CoreWeave, Inc. (NASDAQ:CRWV) also committed £1.5 billion to support AI growth in the UK and launched CoreWeave Ventures to invest in AI startups. It also expanded its platform by acquiring OpenPipe, a reinforcement learning startup, and Weights & Biases, an AI developer platform.

CoreWeave, Inc. (NASDAQ:CRWV) provides a cloud platform specialized in AI workloads. Their infrastructure offers high-performance GPU and CPU compute, networking, and storage tailored for AI model training and inference.

While we acknowledge the potential of CRWV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRWV and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.