Meta has agreed to spend an additional 21 billion dollars on artificial intelligence cloud infrastructure from CoreWeave, expanding a previous 14.2 billion dollar commitment as part of a broader push to scale AI capabilities between 2027 and 2032. CoreWeave operates data centers packed with hundreds of thousands of Nvidia graphics processing units that support large AI models, positioning the company as a critical infrastructure provider for hyperscalers facing “insatiable” demand for compute. Although Meta is investing heavily in its own facilities, including a 10 billion dollar AI data center in Texas, it continues to rely on external partners like CoreWeave to diversify capacity and reduce risk in accessing advanced chips and infrastructure.
This expanded contract arrives as Meta plans 115 to 135 billion dollars in capital expenditures this year, nearly double its 2025 spending, reflecting an aggressive investment cycle centered on AI. The company’s advertising business has benefited from AI, yet it still trails rivals such as OpenAI, Anthropic and Google in the race to dominate cutting‑edge AI models. To close this gap, Meta created the Superintelligence Labs group and recently introduced a new model called Muse Spark, signaling an ambition to compete directly with leading chatbots and foundation models.
For CoreWeave, the Meta deal strengthens efforts to diversify away from dependence on Microsoft, which represented 62% of revenue in 2024, so that no single customer will exceed 35% of sales. The company is also raising 3 billion dollars in new debt after already carrying 21 billion dollars on its balance sheet and securing an additional 8.5 billion dollar financing facility to expand infrastructure for new contracts. Both Meta and CoreWeave expect their relationship to continue growing, as Meta balances building its own data centers with outsourcing to specialized GPU cloud providers due to the high stakes and risks of securing sufficient AI compute.
Referencia
Novet, J. (2026, April 9). Meta commits to spending additional $21 billion with CoreWeave as AI costs keep rising. CNBC. https://www.cnbc.com/2026/04/09/meta-commits-to-spending-additional-21-billion-with-coreweave-.html