"Meta's commitment of an additional $21 billion to CoreWeave for dedicated AI cloud capacity is a significant expansion of their existing partnership, bringing the total value to approximately $35 billion. This new contract will facilitate early deployments of Nvidia's Vera Rubin platform across multiple sites, specifically targeting inference workloads rather than training."
"CoreWeave, originally founded in 2017 as Atlantic Crypto, transitioned from Ethereum mining to GPU cloud infrastructure after recognizing the demand from machine learning researchers. The company went public in 2025, achieving a valuation of $23 billion and reporting a revenue of $5.13 billion, marking a 168% year-on-year increase."
Meta's new $21 billion commitment to CoreWeave for AI cloud capacity extends their partnership to about $35 billion. The contract focuses on deploying Nvidia's Vera Rubin platform for inference workloads. CoreWeave plans to raise $4.25 billion in new debt to support expansion. Founded in 2017 as Atlantic Crypto, CoreWeave pivoted to GPU cloud infrastructure after the cryptocurrency crash. The company went public in 2025, achieving significant revenue growth and a substantial contracted backlog, solidifying its position in the cloud market.
Read at TNW | Artificial-Intelligence
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