All articles tagged with #dollar14 billion deal
CoreWeave has signed a $14 billion deal with Meta to supply cloud computing power for AI applications, reflecting the booming demand for AI infrastructure and raising questions about industry valuation bubbles. The deal extends until 2031, with options for expansion, and highlights the growing investments by tech giants in AI technology and data centers.
CoreWeave has signed a $14 billion agreement with Meta to supply computing power, including Nvidia's latest systems, as part of a broader surge in AI infrastructure investments by major tech firms, highlighting the growing demand and valuation concerns in the AI industry.
Alexandr Wang, the young CEO of Scale AI, has risen rapidly in the AI industry, culminating in Meta's $14.3 billion acquisition of a 49% stake in his company, signaling Meta's aggressive push for AI supremacy and potential leadership of its AI efforts, despite questions about his fit for a research-focused role.