Meta Platforms has signed a $21 billion agreement with CoreWeave to expand its artificial intelligence infrastructure. The deal significantly deepens their existing partnership.

The agreement will provide Meta with large-scale computing capacity to support its growing AI workloads. Demand for such infrastructure has surged as companies invest heavily in generative AI.

The new contract extends through 2032 and builds on earlier agreements between the two firms. It reflects Meta’s long-term commitment to expanding its AI capabilities.

Cloud providers are becoming central to the AI ecosystem, supplying the computing power needed for training and deploying advanced models. This has created a rapidly growing market.

Analysts say the deal underscores the scale of investment flowing into AI infrastructure. Competition among tech giants is intensifying as they race to dominate the sector.

Source: Reuters