CoreWeave Expands AI Cloud Infrastructure Deal With Meta for $21 Billion
CoreWeave has significantly expanded its long-term agreement with Meta Platforms, securing a deal valued at approximately $21 billion. Under the terms of this extended partnership, CoreWeave will provide Meta with dedicated artificial intelligence cloud computing capacity through December 2032. This strategic move aims to bolster Meta's ongoing development and deployment of advanced AI technologies. The expansion builds upon their existing relationship, highlighting the critical role of specialized cloud infrastructure in the competitive AI sector. Both companies confirmed the details on Thursday, signaling strong confidence in the future growth of AI applications and the necessity of robust computational resources to support them.
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CoreWeave Expands AI Cloud Infrastructure Deal With Meta for $21 Billion
CoreWeave has significantly expanded its long-term agreement with Meta Platforms, securing a deal valued at approximately $21 billion. Under the terms of this extended partnership, CoreWeave will provide Meta with dedicated artificial intelligence cloud computing capacity through December 2032. This strategic move aims to bolster Meta's ongoing development and deployment of advanced AI technologies. The expansion builds upon their existing relationship, highlighting the critical role of specialized cloud infrastructure in the competitive AI sector. Both companies confirmed the details on Thursday, signaling strong confidence in the future growth of AI applications and the necessity of robust computational resources to support them.
WSJ.com: US Business