CoreWeave (CRWV) and Meta (META) have expanded their existing partnership, originally valued at up to $14.2 billion, with a new deal worth around $21 billion.
As part of the agreement, CoreWeave will provide dedicated cloud capacity to Meta through 2032, helping to drive the development and deployment of its AI technologies.
The infrastructure will span multiple locations and feature early deployments of NVIDIA’s (NVDA) Vera Rubin platform, aimed at increasing efficiency, reliability and scale.
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 “agent AI,” whereby AI becomes more proactive in executing steps toward its goals rather than relying on human cues.
A key focus of the CoreWeave-Meta agreement is inference, reflecting the industry’s shift toward continuously running AI systems rather than simply training them.
“This is another example that leading enterprises are choosing CoreWeave’s AI cloud to run their most demanding workloads,” said CEO Michael Intrator.
The deal signals that big tech companies are increasingly securing long-term computing resources to support AI-powered services. CoreWeave shares rose 3% in premarket trading Thursday.
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