There haven't been a ton of initial public offerings (IPOs) in recent years, let alone interesting, prominent companies with the potential to take on the top tech stocks in the market. However, one company right in the middle of the artificial intelligence (AI) revolution may be about to make its public debut.

The deal will give OpenAI a stake in CoreWeave, which will issue shares worth $350 million through a private placement at the time of its IPO.

CoreWeave, an artificial intelligence (AI) cloud-computing startup backed by Nvidia (NVDA), filed for an initial public offering (IPO) that

Given that cloud giants and other tech companies are currently scrambling to obtain AI compute capacity, CoreWeave has enough leverage to impose this kind of arrangement. If the company is forced to move to a pay-as-you-go model without multiyear customer commitments, its revenue would become much less predictable.