PANews reported on March 11 that according to The Block, CoreWeave, an AI super-scale computing service provider and former cryptocurrency mining company that has provided services to top companies including IBM, Meta and Microsoft, announced an infrastructure agreement with artificial intelligence company OpenAI worth up to $11.9 billion. A statement released late Monday said that the strategic agreement aims to expand OpenAI's computing power to train and deliver its latest models to hundreds of millions of users around the world on a large scale. OpenAI will also become an investor in the AI super-scale computing service provider by issuing $350 million worth of CoreWeave shares.