Meta commits to spending additional $21B on AI cloud infrastructure from CoreWeave, running from 2027 to 2032, on top of its prior $14.2B deal that ends in 2031
CNBC Jordan Novet
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Discussion
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@danielnewmanuv
Daniel Newman
on x
$META once again locking in on what matters most. Compute > Models
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@shanumathew93
Shanu Mathew
on x
[...] The “neoclouds are just spare capacity” take looks increasingly wrong. These are long-duration, dedicated infrastructure commitments at massive scale. Economics and execution still TBD, but demand is not the question anymore.
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@negligible_cap
@negligible_cap
on x
*COREWEAVE PROPOSES $3B CONVERTIBLE SENIOR NOTES OFFERING $CRWV of course following it up with a $3B convertible offering
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@firstadopter
Tae Kim
on x
I am told the big takeaway from this CoreWeave deal is providing large scale inference capacity to Meta amid incredible demand (I mean, yeah that's in the sub-head too)
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@stocksavvyshay
Shay Boloor
on x
$CRWV up ~8% after news of an expanded $META AI infrastructure deal. [image]
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r/wallstreetbets
r
on reddit
Meta commits to spending additional $21 billion with CoreWeave as AI costs keep rising