Synopsis
Cloud infrastructure firm CoreWeave has secured a significant deal with AI startup Anthropic. This multi-year agreement will provide Anthropic with crucial cloud computing power later this year. The partnership aims to support Anthropic's advanced AI models. This latest deal follows other major agreements CoreWeave has made recently, highlighting strong demand for AI computing resources.The multi-year agreement, whose financial terms were not disclosed, will bring computing capacity for Anthropic online later this year and help it run workloads for its Claude family of AI models.
The partnership will initially focus on a phased infrastructure rollout, with the potential to expand in the future, the companies said.
The Anthropic deal is the latest in a series of agreements that CoreWeave has signed in recent months, thanks to surging demand for computing power required to develop and run AI models.
CoreWeave struck an $11.9 billion deal with OpenAI last year, a $6.3 billion initial order with Nvidia in September and an expanded $21 billion deal with Meta on Thursday. The deal with Anthropic would also help CoreWeave diversify its revenue streams further - Microsoft accounted for about 67% of its revenue last year, and Meta is now among its largest customers.
CoreWeave, a so-called neocloud, offers hardware and cloud capacity as services to other tech firms. Its close ties with Nvidia have made it a key supplier of advanced AI chips that large AI and tech companies seek.
CoreWeave's shares have risen nearly 29% so far this year, even as the company's rapid increase in capital spending and backlog risks have dented investor sentiment.
