Meta, CoreWeave Expand AI Deal with $21 Billion Commitment

Meta Platforms Inc. and CoreWeave Inc. announced an expanded partnership on Thursday, committing an additional $21 billion for AI cloud infrastructure that will run through December 2032. The agreement builds on a prior $14.2 billion deal between the companies, which extends to December 2031, and underscores Meta's aggressive push to bolster its artificial intelligence capabilities amid surging industry demand.

Under the new terms, CoreWeave will supply dedicated AI computing capacity to Meta across multiple data centers. This infrastructure will include early deployments of Nvidia Corp.'s next-generation Rubin platform, designed to enhance efficiency and scalability for AI operations. The setup aims to support a range of workloads, including model training, inference, and production services that power features in Meta's apps such as Facebook, Instagram, and WhatsApp.

The expansion reflects Meta's broader strategy to invest heavily in AI development. Chief Executive Officer Mark Zuckerberg has outlined plans to spend hundreds of billions of dollars over the coming years on energy, computing power, and talent to advance AI models. For 2025 alone, Meta has allocated between $60...