Artificial intelligence hyperscaler CoreWeave announced a multibillion-dollar agreement with Meta days after reporting a deal with OpenAI.
“Future AI innovations will be far bigger than they are today,so we’re building for them now,” coreweave said in a Tuesday (Sept. 30) post on LinkedIn. “We’re expanding our partnership with Meta through a new long-term agreement worth up to $14.2 billion. Together, we’re paving the way today to unlock AI’s full promise tomorrow.”
In a Tuesday Bloomberg report to which the post linked, CoreWeave said that the deal involves it supplying Meta with computing power to develop and run AI models.
The deal runs through December 2031 and can be extended through 2032 with additional capacity, according to the report.
It helps CoreWeave’s efforts to diversify its business. Before this deal, as of the quarter ended in June, 71% of the company’s revenue came from its largest customer, Microsoft the report said.
“When we came out in the