Meta commits $21 billion more to CoreWeave for AI cloud infrastructure from 2027-2032, adding to prior $14.2 billion deal as social media giant ramps up artificial intelligence spending amid rising costs and competition from OpenAI, Anthropic, Google.

Meta commits to spending additional $21 billion with CoreWeave as AI costs keep rising

Arda Kucukkaya | Anadolu | Getty ImagesMeta has committed to spending an additional $21 billion on AI cloud infrastructure from CoreWeave, which comes on top of a prior arrangement of $14.2 billion, as the social media company continues to ramp up its investments in artificial intelligence. The new agreement, announced on Thursday, runs from 2027 to 2032. The previous deal, disclosed in September, goes through 2031. CoreWeave's data centers are filled with hundreds of thousands of Nvidia graphi...