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Meta has committed an additional $21 billion to CoreWeave for dedicated AI cloud capacity.
Meta has expanded its CoreWeave contract by $21 billion, totaling $35 billion through 2032.
KEY POINTS
- The new deal will deploy Nvidia's Vera Rubin platform for inference workloads, not training.
- CoreWeave plans to raise $4.25 billion in debt, $3 billion in convertible notes, and $1.25 billion in junk bonds.
- With Meta's expansion, no single CoreWeave customer will account for more than 35% of revenue.
- Meta is building a multi-vendor AI infrastructure, also signing a $27 billion deal with Nebius.
COMPANIES
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