# CoreWeave says OpenAI committed up to $6.5 billion Spezia Daily, November 13, 2026. https://spezia.ai/newsletter/ai-news-november-13-2026 5 stories moved AI on Friday. Each is told in its source's own words, with a link to read the whole report. ## CoreWeave says OpenAI committed up to $6.5 billion and Meta up to $21.0 billion in multi-year compute contracts *The lead story.* **What happened.** SEC EDGAR · CRWV 10-Q reports: "OpenAI committed to pay us up to approximately $6.5 billion through May 31, 2031" **The details.** - "approximately 30% and 24% of our revenue from our top two customers for the three months ended September 30, 2026" - "an aggregate of approximately 67% of our revenue from our top customer for the three months ended September 30, 2025" Source: [SEC EDGAR · CRWV 10-Q](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000465/crwv-20260930.htm) ## Gartner forecasts AI infrastructure spending of $2.4 trillion in 2027, 59% of total AI spending **What happened.** Gartner Newsroom reports: "Worldwide spending on AI infrastructure is forecast to account for 59% of total AI spending in 2027" **The details.** - "Spending on AI-optimized servers, the largest segment of AI infrastructure spending, is expected to increase from $527.6 billion in 2026 to $957.2 billion in 2027." - "total spending projected to reach $51 billion in 2027, an increase of 82% from 2026" - "an increase of 53% from 2026" Source: [Gartner Newsroom](https://www.gartner.com/en/newsroom/press-releases/2026-11-12-gartner-forecasts-artificial-intelligence-infrastructure-spending-to-represent-59-percent-of-total-global-artificial-intelligence-spending-in-2027) ## CoreWeave spent $23.6 billion on property and equipment in the first nine months of 2026, up from $6.2 billion **What happened.** SEC EDGAR · CRWV 10-Q reports: "cash paid for property and equipment was $23.6 billion and $6.2 billion, respectively" **The details.** - "Net cash used in investing activities was $24.7 billion for the nine months ended September 30, 2026" - "Net cash provided by financing activities was $21.3 billion for the nine months ended September 30, 2026" - "Net cash provided by operating activities was $5.6 billion for the nine months ended September 30, 2026" Source: [SEC EDGAR · CRWV 10-Q](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000465/crwv-20260930.htm) ## Anthropic plans IPO raising up to $64.4 billion at a valuation of up to $1.4 trillion **What happened.** Axios reports: "Anthropic announced plans Tuesday to raise as much as $64.4 billion in one of the largest IPOs in history, targeting a valuation of up to $1.4 trillion." **The details.** - "raise as much as $64.4 billion in one of the largest IPOs in history" - "Google, Nvidia and other technology giants committing another $26 billion in private investment" - "SoftBank reported a $3.7 billion write-down on U.S. data-center equipment" Source: [Axios](https://www.axios.com/2026/11/11/anthropic-ipo-ai-nvidia-midterms?mrfcid=202611116ae99484601d62317a6475e7) ## CoreWeave reported $3.66 billion in revenue and a $709 million net loss, shifting to prepayments **What happened.** TechCrunch reports: "CoreWeave reported $3.66 billion in revenue, up 168% from the year prior, but it also posted a $709 million net loss" **The details.** - "CoreWeave reported $3.66 billion in revenue, up 168% from the year prior" - "In August, the company closed a $2.6 billion loan, its first designed specifically for shorter-term customer contracts." - "CoreWeave also said it expects about $9 billion in customer prepayments and deposits over the next three months" Source: [TechCrunch](https://techcrunch.com/2026/11/11/coreweave-turns-to-customer-prepayments-shorter-contracts-to-fund-ai-growth/) ## Quick hits - CoreWeave holds a data center lease with up to $16.9 billion in rent and 453 MW still undelivered. (SEC EDGAR · CRWV 10-Q) ([SEC EDGAR · CRWV 10-Q](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000465/crwv-20260930.htm)) - US midterm voters backed data center restrictions in 40 of 41 local ballot measures, threatening AI build-out. (chinadaily.com.cn) ([chinadaily.com.cn](http://www.chinadaily.com.cn/a/202611/12/WS6af513a1e4b03ebf8519bec7.html)) - AI infrastructure boom strains stock and debt markets as hyperscalers' free cash flow turns negative. (Financial Times) ([Financial Times](https://www.ft.com/content/324ba152-0805-485b-94d5-d16bc904a98f?syn-25a6b1a6=1)) - Power and anchor customers, not GPUs, now decide who owns AI data centers, reshaping neocloud deals. (abiresearch.com) ([abiresearch.com](https://www.abiresearch.com/market-research/insight/7788726-are-ai-cloud-operators-fit-to-run-their-ow?hsLang=en)) - AI compute prices jumped 48% as demand for chips outstripped supply, forcing firms to ration and cancel projects. (kucoin.com) ([kucoin.com](https://www.kucoin.com/news/flash/ai-compute-prices-rise-48-as-demand-surpasses-supply)) - CRS analysis says AI investment drives U.S. growth but risks bubble, inflation and higher interest rates. (everycrsreport.com) ([everycrsreport.com](https://www.everycrsreport.com/reports/IF13346.html)) - Fed paper finds AI data center investment surging, but labor and productivity effects still small. (Federal Reserve) ([Federal Reserve](https://www.federalreserve.gov/econres/feds/artificial-intelligence-and-the-us-economy-current-evidence.htm)) - CoreWeave revenue rose 168% to $3.66 billion in Q3 2026 on AI data center demand. (SEC EDGAR · CRWV 10-Q) ([SEC EDGAR · CRWV 10-Q](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000465/crwv-20260930.htm)) ## Worth a look - [cloudflare/security-audit-skill](https://github.com/cloudflare/security-audit-skill): A coding-agent skill for multi-phase security audits with independently verified, machine-readable findings - [AgentRun – open-source, Self-improving Managed Agents](https://github.com/Parcha-ai/agentrun/blob/main/README.md): We (GREP.AI, YC F26) are open-sourcing AgentRun and turning it into a full managed agents platform. Read more about it in this post: . It includes what we originally built for our own agent harness:… - [Having agents reset context around 225K tokens dropped a g coat by 50-75% for me](https://coralhub.dev/blog/context-reset-turn-cost.html): I've been running agents 24/7 and just letting the context fill up. Claude has a setting to compact at a specific time, but I just built it into my harness so that it can happen at the end of a… ## Sources 1. [CoreWeave says OpenAI committed up to $6.5 billion and Meta up to $21.0 billion in multi-year compute contracts.](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000465/crwv-20260930.htm), SEC EDGAR · CRWV 10-Q, Nov 12 2. [Gartner forecasts AI infrastructure spending of $2.4 trillion in 2027, 59% of total AI spending.](https://www.gartner.com/en/newsroom/press-releases/2026-11-12-gartner-forecasts-artificial-intelligence-infrastructure-spending-to-represent-59-percent-of-total-global-artificial-intelligence-spending-in-2027), Gartner Newsroom, Nov 11 3. [CoreWeave spent $23.6 billion on property and equipment in the first nine months of 2026, up from $6.2 billion.](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000465/crwv-20260930.htm), SEC EDGAR · CRWV 10-Q, Nov 12 4. [Anthropic plans IPO raising up to $64.4 billion at a valuation of up to $1.4 trillion.](https://www.axios.com/2026/11/11/anthropic-ipo-ai-nvidia-midterms?mrfcid=202611116ae99484601d62317a6475e7), Axios, Nov 10 5. [CoreWeave reported $3.66 billion in revenue and a $709 million net loss, shifting to prepayments and contract-backed debt.](https://techcrunch.com/2026/11/11/coreweave-turns-to-customer-prepayments-shorter-contracts-to-fund-ai-growth/), TechCrunch, Nov 10 6. [CoreWeave holds a data center lease with up to $16.9 billion in rent and 453 MW still undelivered.](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000465/crwv-20260930.htm), SEC EDGAR · CRWV 10-Q, Nov 12 7. [US midterm voters backed data center restrictions in 40 of 41 local ballot measures, threatening AI build-out.](http://www.chinadaily.com.cn/a/202611/12/WS6af513a1e4b03ebf8519bec7.html), chinadaily.com.cn, Nov 11 8. [AI infrastructure boom strains stock and debt markets as hyperscalers' free cash flow turns negative.](https://www.ft.com/content/324ba152-0805-485b-94d5-d16bc904a98f?syn-25a6b1a6=1), Financial Times, Nov 11 9. [Power and anchor customers, not GPUs, now decide who owns AI data centers, reshaping neocloud deals.](https://www.abiresearch.com/market-research/insight/7788726-are-ai-cloud-operators-fit-to-run-their-ow?hsLang=en), abiresearch.com, Nov 11 10. [AI compute prices jumped 48% as demand for chips outstripped supply, forcing firms to ration and cancel projects.](https://www.kucoin.com/news/flash/ai-compute-prices-rise-48-as-demand-surpasses-supply), kucoin.com, Nov 11 11. [CRS analysis says AI investment drives U.S. growth but risks bubble, inflation and higher interest rates.](https://www.everycrsreport.com/reports/IF13346.html), everycrsreport.com, Nov 11 12. [Fed paper finds AI data center investment surging, but labor and productivity effects still small.](https://www.federalreserve.gov/econres/feds/artificial-intelligence-and-the-us-economy-current-evidence.htm), Federal Reserve, Nov 11 13. [CoreWeave revenue rose 168% to $3.66 billion in Q3 2026 on AI data center demand.](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000465/crwv-20260930.htm), SEC EDGAR · CRWV 10-Q, Nov 12