Meta, CoreWeave deepen AI cloud partnership with fresh $21 billion deal
Source: CNA
Published on: 2026-04-09 12:34
April 9 : CoreWeave has signed a fresh $21 billion deal to provide cloud computing capacity to Meta Platforms, deepening their partnership as the social media giant expands infrastructure to support rapidly increasing artificial intelligence workloads. The latest deal, which extends through December 2032, is in addition to a similar $14 billion agreement signed in September last year. Shares of CoreWeave rose 3.4 per cent in premarket trading, while those of Meta were up 2.1 per cent. Meta has been rapidly expanding high-performance compute capacity to power the development and deployment of its large language models. CoreWeave's data centers house Nvidia's graphics processing units, which offer the kind of specialized compute capacity that hyperscalers like Meta are scrambling to secure. The Facebook-parent plans to spend up to $135 billion on its AI buildout this year. Separately...
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