AI Race: Meta and CoreWeave in a $21 Billion Deal
Meta acquires $21 billion in AI cloud capacity from CoreWeave over six years – one day after unveiling its new AI model Muse Spark.
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Meta is investing billions more to catch up in the fiercely competitive AI race. The US social media giant is expanding its partnership with data center operator CoreWeave. The deal involves the provision of AI cloud capacity worth around 21 billion US dollars by December 2032. CoreWeave announced this on Thursday. The new agreement complements a similar deal from September worth 14.2 billion US dollars.
CoreWeave provides hardware and cloud resources to its customers and specializes in training and running (inference) AI models. The company primarily relies on GPU accelerators from Nvidia. This makes CoreWeave an interesting partner for large tech corporations seeking powerful infrastructure that supports complex and extensive AI workloads.
Access to Nvidia's Vera Rubin Chips
The partnership with CoreWeave gives Meta access to the first implementations of Nvidia's next-generation Vera Rubin chips, which are twice as fast as the current Blackwell chips. "This is another example of leading companies leveraging CoreWeave's AI cloud for their most demanding workloads," said CoreWeave CEO Michael Intrator in the statement.
In May last year, CoreWeave already concluded a deal worth up to four billion US dollars over four years for the provision of cloud computing capacities with ChatGPT developer OpenAI. This was preceded by an agreement with OpenAI worth 11.9 billion US dollars.
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Meta Invests Billions in AI Development
Through its collaboration with CoreWeave, Meta is strengthening its AI development and implementation. The US company has recently invested billions in expanding its AI capacities. A central component of Meta's strategy is the Meta Superintelligence Labs unit founded in the summer of 2025. Meta's Chief AI Officer, the 29-year-old former CEO of Scale AI, Alex Wang, moved to Meta as part of a 14.3 billion US dollar deal.
In mid-February, the Facebook conglomerate already agreed to a partnership with Nvidia, in the course of which it is purchasing GPUs and CPUs of various generations for tens of billions of US dollars. Furthermore, CEO Mark Zuckerberg announced investments of hundreds of billions of US dollars in new data centers. Yesterday, Wednesday, Meta presented its new flagship AI model Muse Spark, the first model from the newly established AI division Meta Superintelligence Labs.
(akn)
