CoreWeave inks multibillion-dollar Meta AI compute deal through 2031

CoreWeave Inc. said Tuesday it has signed a multibillion dollar agreement with Meta Platforms that could provide up to $14.2 billion in AI computing services through Dec. 14, 2031, with an option to extend into 2032, marking a major new customer commitment for the cloud data center operator. The deal calls for CoreWeave to supply Meta with access to Nvidia’s latest GB300 GPU systems to accelerate training of large AI models.

CoreWeave disclosed the arrangement in a regulatory filing and said the contract will run through 2031, with Meta able to materially expand the commitment for an additional year. The company said the agreement underscores its position as a provider of high-performance GPU and CPU compute, networking and storage tailored for AI workloads. In a separate statement, CoreWeave said the deal highlights its role as a "trusted backbone for the world's leading innovators and most ambitious projects."

The Meta agreement follows a string of recent commercial gains for CoreWeave. The company recently expanded its multiyear partnership with OpenAI by as much as $6.5 billion, bringing that relationship’s total value to about $22.4 billion after earlier commitments this...