CoreWeave and Meta Announce $21 Billion Expanded AI Infrastructure Agreement

Tiger Newspress04-09

CoreWeave announced an expanded, long-term agreement with Meta Platforms, Inc. to provide AI cloud capacity through December 2032 for approximately $21 billion. With this deal, the two companies are continuing their existing relationship, increasing support for Meta’s development and deployment of AI.

The dedicated capacity will be deployed across multiple locations and will include some of the initial deployments of the NVIDIA Vera Rubin platform. This distributed approach is designed to optimize performance, resilience, and scalability for Meta’s AI operations.

The new agreement is a clear signal of the industry’s accelerating demand for high-performance infrastructure capable of supporting increasingly complex, large-scale AI workloads.

CoreWeave shares jumped about 9% in premarket trading.

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