CoreWeave signs $14.2 billion computing power agreement with Meta

ChainCatcher news, CoreWeave has signed an agreement to provide computing power worth up to $14.2 billion to Meta Platforms, highlighting the enormous costs of developing and running advanced artificial intelligence models.

CEO Michael Intrator stated in an interview, "They liked our infrastructure in the early contracts, so they came back seeking more collaboration." He said that as part of the agreement, CoreWeave will provide the social media giant with NVIDIA's latest GB300 systems.