Meta commits to spending additional $21 billion with CoreWeave as AI costs keep rising
CNBC
Meta has agreed to spend an additional $21 billion on CoreWeave cloud infrastructure to support its expanding artificial intelligence ambitions.Summary
Meta has committed to a new $21 billion deal for AI cloud infrastructure from CoreWeave, covering the period from 2027 to 2032. This follows a previous $14.2 billion agreement and highlights Meta's aggressive capital expenditure as it seeks to compete with other major AI players. CoreWeave provides essential GPU-heavy data center capacity to hyperscalers, helping Meta manage the high demand for computing power as it develops advanced AI models like Muse Spark.
(Source：CNBC)