Meta signs long cloud deal
Meta agreed a cloud deal reportedly worth about $21 billion with CoreWeave that runs through 2032, locking in third‑party capacity for AI workloads. (x.com) That contract ties Meta to external GPU infrastructure for nearly a decade, rather than building all capacity in-house. (x.com)
Meta has locked in about $21 billion of cloud capacity from CoreWeave through December 2032, extending its reliance on an outside supplier for artificial intelligence computing. (sec.gov) CoreWeave announced the expanded agreement on April 9, 2026, and said the capacity will support Meta’s artificial intelligence development and deployment across multiple locations. CoreWeave said some of the initial deployments will use Nvidia’s Vera Rubin platform. (coreweave.com) CNBC reported the new commitment runs from 2027 to 2032 and adds to a prior $14.2 billion arrangement between the companies. CoreWeave Chief Executive Officer Mike Intrator told CNBC Meta will keep building its own infrastructure while also buying capacity from CoreWeave. (cnbc.com) CoreWeave’s business is renting out large clusters of Nvidia graphics processing units, the chips used to train and run artificial intelligence models. Meta is buying that capacity even as it expands its own data center footprint. (cnbc.com) Meta told investors on January 28 that it expects 2026 capital expenditures of $115 billion to $135 billion, after spending $72.22 billion in 2025. The CoreWeave contract shows that even with that spending surge, Meta is still reserving outside capacity years in advance. (investor.atmeta.com) That arrangement gives Meta faster access to computing power without waiting for every server hall, power connection, and chip delivery to come together on its own sites. CoreWeave said the new capacity will be distributed across several locations, a setup the company said is designed for performance, resilience, and scale. (coreweave.com) The deal also deepens Meta’s ties to a supplier that only recently reached the public market. CoreWeave said in March 2025 that its shares would begin trading on Nasdaq under the ticker CRWV. (investors.coreweave.com) Reuters reported the agreement as Meta scales infrastructure for more complex artificial intelligence workloads. For CoreWeave, the contract hands a newly public cloud provider years of committed demand from one of the biggest buyers in the market. (reuters.com)
