Meta Platforms has signed a massive contract with CoreWeave worth $14.2 billion, which involves leasing computing power for the development of artificial intelligence infrastructure. As part of this agreement, Meta will gain access to advanced Nvidia GB300 systems, enabling the company to strengthen its position in the global race for AI implementation.
This is reported by Business • Media
Strengthening CoreWeave’s Position and Diversifying Clients
CoreWeave, part of a new generation of cloud providers known as “neoclouds,” continues to strengthen its market position. This company specializes in leasing high-performance graphics processors for businesses and competes with players like Nebius Group and Nscale Global.
The signing of the contract with Meta marks the largest deal in CoreWeave’s history. The agreement allows the firm to reduce its dependence on Microsoft, which previously accounted for 71% of the company’s revenue in the second quarter. CoreWeave’s CEO, Michael Intrator, emphasized:
“This is a step in the right direction,” especially after similar billion-dollar contracts with OpenAI.
Following its IPO in March 2025, CoreWeave’s shares have more than tripled. In light of the news about the new contract with Meta, the company’s stock jumped 8.4% in pre-market trading, while Meta’s shares remained nearly unchanged.
Investments in Artificial Intelligence and Infrastructure Development
Meta continues to actively invest in the development of its own infrastructure for artificial intelligence. As reported by Mark Zuckerberg, in 2024, the company’s capital expenditures could reach $72 billion, a significant portion of which is directed towards AI and data center development. These investments have already made Meta one of the largest players in the AI infrastructure market.
CoreWeave is using debt financing to expand its capital-intensive infrastructure, which is a typical strategy for large corporations in this segment. For example, Meta raised $29 billion to build a data center in Louisiana, while Oracle recently issued $18 billion in bonds to finance infrastructure for OpenAI.
Additionally, CoreWeave recently entered into an agreement to acquire the miner Core Scientific for $9 billion, further strengthening its position in the AI computing power market.