CoreWeave (CRWV) and Meta (META) have expanded their existing partnership, initially valued at $14.2 billion, with a new deal worth approximately $21 billion.
Under the agreement, CoreWeave will provide dedicated cloud capacity to Meta through 2032, contributing to the development and deployment of its AI technologies.
The infrastructure will span multiple locations and feature early deployments of NVIDIA’s Vera Rubin (NVDA) platform, aimed at improving efficiency, reliability and scalability.
The NVIDIA Vera Rubin Platform is the next-generation AI supercomputing architecture that is expected to mark a massive shift from simple “generative AI” to “agentic AI,” whereby AI becomes more proactive in executing steps toward its goals rather than relying on human prompts.
A key focus of the CoreWeave-Meta deal is inference, reflecting the industry’s shift toward continuously running AI systems rather than simply training them.
“This is another example of large enterprises choosing CoreWeave’s AI cloud to run their most demanding workloads,” said CEO Michael Intrator.
The deal indicates that large technology companies are increasingly securing long-term IT resources to support AI-based services. Shares of CoreWeave rose 3% Thursday in pre-market trading.
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