CoreWeave rallies as details of OpenAI deal emerge

CoreWeave (CRWV) provided additional details on its relationship with OpenAI in its quarterly filing this morning following last night’s Q1 report. The shares are now in positive territory after selling off at the open. In March, CoreWeave entered into a commercial agreement with OpenAI, pursuant to which the company provides OpenAI access to cloud computing capacity through fulfillment of reserved capacity orders submitted to the company by OpenAI. As of March 31, subject to the satisfaction of