Close Nvidia ties have made CoreWeave a key supplier of the specialised AI chips that large tech companies are scrambling to secure [File]
| Photo Credit: Reuters
Meta Platforms is deepening its CoreWeave partnership with a fresh $21 billion deal for additional cloud computing capacity, as it rushes to catch up with rivals in the high-stakes artificial intelligence race after an underwhelming AI model release last year. The latest deal, which extends through December 2032, is in addition to a similar $14.2 billion agreement signed in September, CoreWeave said on Thursday (April 9, 2026). Meta shares were up 3.1%, while those of CoreWeave rose 4.1%.
Meta has been rapidly expanding compute capacity to power the development and deployment of its large language models, benefiting companies such as CoreWeave, which provides clients with hardware and cloud resources.
Published – April 10, 2026 01:14 pm IST
