CoreWeave has signed a $14 billion deal with Meta to supply computing power, according to reports. Under the agreement, Meta has committed to pay around $14.2 billion through December 14, 2031, with the option to expand through 2032 for additional cloud computing capacity, CoreWeave said in a filing.
“The agreement underscores that behind every AI breakthrough are the partnerships that make it possible,” a CoreWeave spokesperson said.
This comes at a time when AI technology developers are rushing to lock in infrastructure. This has boosted the valuation of companies like CoreWeave, which was valued at $60 billion as of last close. However, there have also been some concerns about “circular financing” where AI tech firms invest in ad sign deals with each other. Some are also worried about the bubble bursting.
“Nvidia’s chips are in CoreWeave’s data centers, which will then be used by companies like Meta. These kinds of deals spark bubble concerns because of how insular the industry appears, and the massive dollar amounts involved,” E-marketer analyst Jacob Bourne said. However Bourne also stated that the AI market is expanding beyond the “magnificent seven,” and this can solve some of the problems.
READ: CoreWeave to acquire Core Scientific in $9 billion deal (July 8, 2025)
As part of the agreement, CoreWeave will provide Meta access to Nvidia’s latest GB300 systems, according to a Bloomberg News report. Meta has the option to “materially expand its commitment” for additional computing capacity through 2032, according to a filing with the U.S. Securities and Exchange Commission (SEC) on Tuesday. Meta has been of late pouring in tens of billions of dollars into AI in the last few months, both to build infrastructure, and bring in top talent.
CoreWeave recently launched CoreWeave Ventures, a new initiative to support founders and companies building platforms and technologies for the AI ecosystem and next-generation computing. The program is designed to help entrepreneurs bring their ideas to market more quickly as AI adoption accelerates across industries.
CoreWeave Ventures plans to support founders through multiple avenues, including capital investment models to help companies scale, accelerated access to the CoreWeave Cloud platform built specifically for AI, and testing environments with production-grade performance clusters to fast-track real-world use cases. It will also provide insights on product and go-to-market strategies shaped by CoreWeave’s industry relationships, along with opportunities for deep technical alignment through technology partnerships and integrations.
Earlier this year, CoreWeave had signed a $12 billion agreement with OpenAI. This deal involved OpenAI receiving $350 million worth of equity in CoreWeave, according to the company’s statement. The company also went public, and saw a 400% growth in first earnings after IPO.