CoreWeave strikes $6.5 billion deal with OpenAI to power next-gen AI models

Cloud computing provider CoreWeave (CRWV) rebounded from an initial drop in morning trading on Thursday after announcing a fresh $6.5 billion deal with OpenAI (OPAI.PVT), adding to an already multibillion-dollar set of agreements with the ChatGPT maker. CoreWeave lost 5% in premarket trading. It quickly rebounded to gain more than 1% in the first hour after the opening bell Thursday morning as the market digested news of the new agreement, which now brings the value of the companies' joint agreements to$ ...