CoreWeave signs $14 bn Al infra deal with Meta

COREWEAVE HAS SIGNED a deal to supply Meta Platforms with as muchas $14.2 billion worth of computing power, underscoring the massive costs of developing and running advanced AI models.

- BRODY FORD & DINA BASS

“They loved our infrastructure in earlier contracts and came back for more,’ CEO Michael Intrator said in an interview. As part of the agreement, CoreWeave will provide the social media giant access to Nvidia’s latest GB300 systems, he said. Meta didn’t provide comment.

CoreWeave shares jumped as muchas 15.9% after markets opened in New York. Meta shares declined as much as 1.9%. The deal runs through December 2031 with an option to extend through 2032 with additional capacity, CoreWeave said ina filing Tuesday.