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Tech 5: CoreWeave Inks US$11.9 Billion OpenAI Deal, Intel Gets New CEO

Summary by futuremoneyfate.com
This week brought a rollercoaster ride for the stock market A dramatic Monday (March 10) selloff hit mega-cap tech stocks hard, and was followed by a correction in the S&P 500 (INDEXSP:.INX) on Tuesday (March 11). Friday (March 14) witnessed a partial recovery fueled by a week of positive economic data; however, lingering uncertainties about global conflicts and potential tariffs kept overall gains in check. The latest University of Michigan con…
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futuremoneyfate.comfuturemoneyfate.com

Tech 5: CoreWeave Inks US$11.9 Billion OpenAI Deal, Intel Gets New CEO

This week brought a rollercoaster ride for the stock market A dramatic Monday (March 10) selloff hit mega-cap tech stocks hard, and was followed by a correction in the S&P 500 (INDEXSP:.INX) on Tuesday (March 11). Friday (March 14) witnessed a partial recovery fueled by a week of positive economic data; however, lingering uncertainties about global conflicts and potential tariffs kept overall gains in check. The latest University of Michigan con…

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dataphoenix.infodataphoenix.info

OpenAI to invest billions in CoreWeave as tensions with Microsoft continue growing

CoreWeave recently published a press release confirming it has struck a timely deal with OpenAI, which will benefit both companies greatly. On the one hand, the investment, which contemplates up to $11.9 billion spread across five years, will boost investor confidence as CoreWeave prepares for a much-anticipated IPO. On the other, OpenAI will become one of CoreWeave's biggest customers, if not the largest. As part of the agreement, OpenAI will n…

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dataphoenix.info broke the news in on Saturday, March 15, 2025.
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