March 10, 2025 News

OpenAI Secures $12 Billion GPU Cloud Deal with CoreWeave

OpenAI has signed a five-year, $11.9 billion agreement with GPU cloud provider CoreWeave, including receiving $350 million worth of equity in the company. The deal reduces OpenAI's dependence on Microsoft's cloud services while securing critical compute resources for AI model development, representing another step in the increasingly competitive relationship between OpenAI and Microsoft.

Poolside CEO Claims AGI Pursuit Only Valid for Serious Developers

Poolside co-founder and CEO Jason Warner argued at the HumanX AI conference that most companies should focus on building AI applications rather than foundation models unless they are pursuing intelligence as the "most important commodity in the world." Warner stated that his own company is "literally" pursuing AGI through software, while suggesting that foundation model developers need to tackle challenging fields like defense.

DeepSeek's Founder Resists VC Funding While Navigating Geopolitical Challenges

Chinese AI startup DeepSeek, led by founder Liang Wenfeng, has avoided accepting venture capital despite significant investor interest. Liang owns 84% of the company and has funded operations through profits from his hedge fund High-Flyer, though facing challenges from US chip export restrictions and potential geopolitical complications.