Meta has signed a major $14 billion collaboration agreement with CoreWeave. This deal is part of Meta’s ongoing and increasing investments in AI data centers in the United States. Following the announcement, CoreWeave’s shares rose 10% in pre-market trading.
According to Bloomberg, the agreement primarily involves CoreWeave supplying Meta with Nvidia’s latest GB300 systems. These high-performance systems are critical for accelerating Meta’s ambitious AI projects, including Artificial General Intelligence (AGI) and large language models. CoreWeave CEO Michael Intrator stated during the announcement that client demand in the AI industry has reached record levels.
Founded in 2017, CoreWeave differs from traditional cloud service providers by focusing entirely on AI workloads. The company offers access to Nvidia’s powerful graphics processors (GPUs) across data centers in the U.S. and Europe, making it a specialized partner for training large language models, image processing, and other high-intensity data analysis tasks.
It is worth noting that CoreWeave also signed a multi-billion-dollar partnership with OpenAI last week, further solidifying its position as a key infrastructure provider for major players in the AI ecosystem.
Meta is recognized as one of the largest investors in AI, spending tens of billions of dollars and recruiting top engineers with the goal of being the first company to develop AGI. This $14 billion deal with CoreWeave is part of Meta’s strategy to rapidly expand its AI infrastructure and maintain its technological edge.
