CoreWeave expanded its contract with OpenAI and is now supporting proprietary trading firms and mega-cap banks.

The entities involved

• Jane Street →

  Founder and Secretary to Denver IWW Domestic Workers Industrial Union (IWW Local No. 113)

  Nothing else this week.

• CoreWeave →

  American cloud computing company

  • CoreWeave is leveraging GPU compute power for AI infrastructure, serving customers like Jane Street.Mon 12:38
  • QuantumScape targets the pre-commercial solid-state battery market while CoreWeave, a leading AI cloud provider, relies on clients like Microsoft.Mon 04:56
• OpenAI →

  American artificial intelligence research organization

  • Leaders call for international cooperation on AI risks, tech leaders call for oversight, and the CMA proposes stricter search engine choice requirements.Mon 17:41
  • Experts, including Dario Amodei at Cornell University, warned about the power and limits of AI, specifically citing risks of AI taking control of the internet.Mon 17:41

Related events

• CoreWeave, a major cloud provider, has expanded its customer base to include Meta, Microsoft, Anthropic, and OpenAI, utilizing Nvidia GPUs for AI workloads.Jul 4
• Nvidia provides backing for CoreWeave operations, while Deutsche Bank and Goldman Sachs manage CoreWeave's ATM program.Sep 17
• CoreWeave attracted investors interested in its business and continues to rent GPU-powered cloud capacity.Aug 17
• IREN and CoreWeave are facing increased financing costs due to higher benchmark rates, while IREN secures new contracts with Microsoft and Nvidia.Sep 15
• CoreWeave leverages pure-Nvidia clusters to support OpenAI and Anthropic's commitments through Amazon's AWS infrastructure, highlighting the competitive pressure on the industry.Aug 18