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OpenAI and Microsoft’s ‘frenemies relationship,’ and what you missed at SXSW

TechCrunch LogoTechCrunch13h ago

OpenAI and Microsoft’s ‘frenemies relationship,’ and what you missed at SXSW - TechCrunch

Quick Summary:

This week, OpenAI inked a five-year, $11.9 billion deal with CoreWeave, the GPU-heavy cloud provider, securing its own AI computing pipeline—and a $350 million equity stake in the company.

With CoreWeave’s pending IPO and deep ties to Microsoft, OpenAI’s deal marks a significant shift in the AI cloud wars.

Previously with Gizmodo, Bloomberg, and MSNBC, Zeff has covered the rise of AI and the Silicon Valley Bank crisis.

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Article Details

Author / Journalist: Theresa Loconsolo, Maxwell Zeff, Anthony Ha, Kirsten Korosec, Rebecca Bellan

Category: StartupsBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-14 @ 15:30:00 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 477 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 26994533

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Main Topics: StartupsBusiness

Official Website: techcrunch.com

Update Frequency: 2 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 12 hours ago

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Publication Timezone: GMT -5:00

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Publisher ID: #4

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