Meta commits another $21 billion to CoreWeave, bringing total AI cloud spend to $35 billion
In short: Meta has committed an additional $21 billion to CoreWeave for dedicated AI cloud capacity running from 2027 through December 2032, bringing the total value of the two companies’ infrastructure relationship to approximately $35 billion. The new contract will deliver early deployments of Nvidia’s Vera Rubin platform across multiple sites, and is designed specifically for inference workloads rather than training. Alongside the announcement, CoreWeave disclosed plans to raise $4.25 billion in new debt ,$3 billion in convertible notes and $1.25 billion in junk bonds, to fund continued expansion. CoreWeave shares rose around 5% on the news; Meta shares gained roughly 3%.
