CoreWeave Secures $14.2 Billion Deal with Meta for AI Computing Power

According to PANews, CoreWeave has entered into an agreement to supply Meta Platforms Inc. with computing power valued at up to $14.2 billion. This deal underscores the significant costs associated with developing and operating advanced artificial intelligence models. CEO Michael Intrator noted in an interview that Meta was impressed with CoreWeave's infrastructure in earlier contracts, prompting them to seek further collaboration. As part of the agreement, CoreWeave will provide the social media giant with NVIDIA's latest GB300 systems.