CoreWeave and Meta Platforms have expanded their partnership with a long-term agreement under which the AI cloud provider will deliver computing capacity to support Meta’s artificial intelligence operations through 2032. The deal, valued at approximately $21 billion, reflects the rapidly growing demand for large-scale computing infrastructure capable of supporting increasingly complex AI systems.
Under the agreement, Meta will use CoreWeave’s AI-focused cloud platform primarily to scale inference workloads, a critical stage in AI deployment where trained models generate outputs for real-world applications. The capacity will be deployed across multiple data-center locations, a distributed approach designed to improve performance, reliability, and scalability for Meta’s AI systems.
The partnership between the two companies dates back to 2023, but the new agreement substantially deepens their commercial relationship. CoreWeave has grown rapidly in recent years as demand for specialized AI infrastructure has surged. While Microsoft accounted for roughly two-thirds of the company’s revenue last year, Meta has now emerged as one of its largest customers.
The expanded contract comes as CoreWeave accelerates its investment in infrastructure to keep pace with demand from AI developers and large technology companies. The company has indicated that it could spend up to $35 billion in capital expenditures this year, a significant increase from about $14.9 billion in 2025. As part of its financing strategy, CoreWeave also disclosed plans in a regulatory filing to issue $1.25 billion in bonds alongside $3 billion in convertible bonds.
Some of the computing capacity deployed under the new agreement will include early installations of NVIDIA’s Vera Rubin platform, one of the next-generation architectures designed for high-performance AI workloads. The technology is expected to support the growing scale of AI models and the computing intensity required to operate them efficiently.
The deal highlights how competition among technology companies to develop advanced AI systems is driving demand for specialized cloud infrastructure providers. Founded in 2017, CoreWeave has positioned itself as a cloud platform tailored specifically for AI workloads. The company completed its Nasdaq listing in March 2025, marking another step in its rapid expansion within the global AI computing ecosystem.
