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Meta Ramps Up AI Spending with New $21 Billion Cloud Agreement

By  |  April 9, 2026

Meta Platforms is ramping up its investment in artificial intelligence infrastructure with a new multibillion-dollar agreement with CoreWeave, signaling an intensified effort to strengthen its position in the competitive AI sector, according to Reuters.

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    The newly announced $21 billion deal will run through December 2032 and adds to a previously disclosed $14.2 billion agreement signed in September. Per Reuters, the expansion reflects Meta’s urgency to bolster computing resources after an AI model release last year failed to meet expectations.

    As Meta pushes forward with building and deploying large language models, the company has increasingly relied on external providers for high-powered computing infrastructure. According to Reuters, this demand has elevated firms like CoreWeave, which offers specialized cloud services designed for AI workloads.

    CoreWeave’s prominence has been driven in part by its close connections with Nvidia, whose advanced processors are critical for training AI systems. Per Reuters, this relationship has made CoreWeave a key supplier of sought-after chips as major tech firms compete for limited resources.

    Related: Meta Must Face Antitrust Lawsuit From Phhhoto, US Judge Rules

    The latest agreement also grants Meta access to early deployments of Nvidia’s upcoming Vera Rubin chips. These processors are expected to be about twice as fast as the current Blackwell generation, potentially giving Meta a performance advantage in developing next-generation AI systems.

    “This is another example that leading companies are choosing CoreWeave’s AI cloud to run their most demanding workloads,” said Michael Intrator in a statement.

    Meta’s broader spending plans underscore the scale of the AI race. The company intends to allocate as much as $135 billion this year toward expanding its AI capabilities, per Reuters, as the technology industry pursues the long-term goal of artificial general intelligence — systems capable of matching human cognitive abilities.

    Source: Reuters