"Meta has signed a $14.2 billion agreement with CoreWeave for the supply of AI infrastructure. The contract runs for six years and can be extended by one year until the end of 2032. The deal is intended to ensure Meta has long-term access to the computing power needed for the development of artificial intelligence. As emphasized by SiliconAngle previously, this represents a major step forward for CoreWeave."
"The company, which was relatively unknown just a few years ago, has quickly become a key player in the AI sector. CoreWeave operates dozens of data centers in North America and Europe and provides companies with access to powerful Nvidia GPUs that are essential for training large language models. According to the latest figures, CoreWeave has 28 operational facilities and is working on ten new locations that are due to be completed this year."
"The dependence on a few large customers makes the agreement with Meta particularly important. Until now, it was assumed that a significant portion of the revenue came from Microsoft. In addition, CoreWeave expanded an existing collaboration with OpenAI last week, bringing the total contract value with that party to $22.4 billion. AI startups such as Cohere and Mistral also use the infrastructure, although these are smaller deals."
Meta signed a $14.2 billion, six-year agreement with CoreWeave, with a possible one-year extension through 2032, to secure long-term AI infrastructure. The contract grants Meta access to the latest Nvidia GB300 GPU systems for model training and consumer AI applications such as Ray-Ban smart glasses. CoreWeave operates extensive data center capacity—28 operational facilities and ten additional sites underway—providing Nvidia GPUs for large language model training. CoreWeave expanded its collaboration with OpenAI, bringing that contract value to $22.4 billion, while AI startups also use its infrastructure. Meta is investing heavily in data centers and AI talent with $72 billion in planned capital expenditures this year.
Read at Techzine Global
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