Meta Commits $21 Billion More to CoreWeave in Massive AI Infrastructure Expansion
Summary
Meta doubles down on AI dominance, committing an additional $21 billion to CoreWeave on top of a prior $14.2 billion deal, securing Nvidia GPU-powered cloud capacity through 2032 as part of a staggering $115–$135 billion capital expenditure plan this year.
Key Points
- Meta commits to an additional $21 billion in spending with AI cloud provider CoreWeave, building on a prior $14.2 billion arrangement, as the company aggressively scales its artificial intelligence infrastructure.
- The new deal runs from 2027 to 2032, with CoreWeave's Nvidia GPU-powered data centers providing critical capacity as Meta simultaneously builds its own facilities and plans between $115 billion and $135 billion in capital expenditures this year.
- CoreWeave also announces a $3 billion debt raise, and CEO Mike Intrator confirms the Meta relationship is expected to grow, noting the partnership helps diversify revenue away from Microsoft, which previously represented 62% of CoreWeave's 2024 sales.