Meta Signs $21B CoreWeave Deal as AI Cloud Firm Faces $113B Expansion Bill and Mounting Losses
Meta signs a massive $21 billion deal with CoreWeave for AI processing capacity through 2032, pushing CoreWeave's revenue backlog to $87.8 billion — but the AI cloud firm faces a staggering $113 billion expansion bill, a $1.17 billion net loss, and dangerous customer concentration risks as Meta and OpenAI together …