US EditionMeta, CoreWeave deepen AI cloud partnership with fresh $21 billion deal
- On Thursday, Meta announced an expanded partnership with CoreWeave, committing around $21 billion for AI cloud infrastructure through 2032, building on a prior $14.2 billion deal.
- Investing in GPU-accelerated computing, Meta intends to use this capacity as part of a "portfolio-based approach to infrastructure," featuring early deployments of NVIDIA's Vera Rubin platform to boost efficiency.
- Reducing reliance on Microsoft, which accounted for 62% of its 2024 revenue, this expansion helps CoreWeave diversify its client base; CoreWeave CEO Mike Intrator noted no single customer will represent more than 35% of total sales.
- Reflecting an industry-wide shift toward continuously running AI systems, the agreement focuses on inference, underscoring how major technology companies lock in long-term contracts to guarantee scarce computing resources.
- Meanwhile, CoreWeave continues to expand its infrastructure backlog despite carrying significant debt, as Meta plans to spend between $115 billion and $135 billion on capital expenditures this year, including a $10 billion Texas data center.
28 Articles
28 Articles
Meta commits another $21 billion to CoreWeave, bringing total AI cloud spend to $35 billion
In short: Meta has committed an additional $21 billion to CoreWeave for dedicated AI cloud capacity running from 2027 through December 2032, bringing the total value of the two companies’ infrastructure relationship to approximately $35 billion. The new contract will deliver early deployments of Nvidia’s Vera Rubin platform across multiple sites, and is designed specifically for […] This story continues at The Next Web
The Hype Around CoreWeave's $21 Billion Meta Deal Faded Fast, but Could Investors Be Missing Out?
Key PointsMeta Platforms is committing to spending $21 billion more for CoreWeave's AI capacity.CoreWeave also said it was raising $4.25 billion in new debt.The company is unprofitable, but growing quickly as it capitalizes on the AI infrastructure boom. 10 stocks we like better than CoreWeave › CoreWeave (NASDAQ: CRWV) is one of the fastest-growing AI stocks on the market, regularly reporting triple-digit revenue growth rates, even as the compa…
Why CoreWeave’s New $21 Billion Meta Deal Matters More Than the $3 Billion in New Debt
The post Why CoreWeave’s New $21 Billion Meta Deal Matters More Than the $3 Billion in New Debt appeared first on 24/7 Wall St.. Quick Read CoreWeave (CRWV) secured a $21 billion expanded agreement with Meta through December 2032 for AI cloud capacity, bringing total Meta commitments to $35.2 billion and lifting backlog to $66.8 billion, while also announcing a $3 billion convertible debt offering to fund $30 billion to $35 billion in capex sp…
Billion-Dollar AI Deals: OpenAI, Meta, Nvidia and Big Tech Pour Billions Into Infrastructure
CoreWeave said on Thursday it had entered into an expanded agreement to provide Meta Platforms with $21 billion in cloud capacity, as the social media giant scales its infrastructure to support increasingly complex AI workloads.Here is a list of multi-billion-dollar AI, cloud and chip deals signed recently:Amazon and OpenAIAmazon is considering an investment of around $10 billion in OpenAI, though talks remain "very fluid," according to a source…
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