CoreWeave and Meta have announced an expanded partnership valued at approximately $21 billion to provide AI cloud infrastructure through December 2032, deepening a relationship that has made Meta one of the neocloud provider’s largest and most consequential customers. The deal, filed with the U.S. Securities and Exchange Commission, will include some of the first deployments of Nvidia’s Vera Rubin platform — the company’s next-generation AI supercomputer architecture.
Building on a Landmark Partnership
The agreement builds on a prior contract signed in September 2025, when CoreWeave secured up to $14.2 billion to supply Meta with computing power through December 2031. The expanded arrangement roughly doubles the financial commitment from that initial deal. “This is another example that leading companies are choosing CoreWeave’s AI cloud to run their most demanding workloads,” said CoreWeave CEO Michael Intrator.
CoreWeave shares rose as much as 8 percent following the announcement. The company has been on an aggressive capital-raising spree, closing an $8.5 billion delayed-draw term loan facility in late March 2026 and announcing a $1.25 billion senior notes offering just one day before the Meta deal. Its total revenue backlog now stands at roughly $87.8 billion.
The Race for AI Compute
The deal underscores the staggering capital demands of large-scale AI development. Meta has committed to spending roughly $135 billion on AI infrastructure in 2026, and the CoreWeave partnership allows it to supplement its own data centers with dedicated external cloud capacity optimized for AI inference workloads. CoreWeave, which went public on Nasdaq in March 2025, now counts Microsoft, OpenAI, Anthropic, and Perplexity among its other major customers — a roster that reads like a who’s who of the AI era.
Vera Rubin Comes First to CoreWeave
The inclusion of Nvidia’s Vera Rubin platform in this agreement is particularly significant. Vera Rubin, unveiled at GTC 2026, represents Nvidia’s most advanced AI supercomputer architecture to date. Its first commercial deployments going to CoreWeave — and through CoreWeave to Meta — reflects the tight alignment between the three companies and the infrastructure ambitions at the frontier of AI development.
