CoreWeave has struck another, much larger $US21 billion ($30 billion) deal to supply computing power to Meta Platforms through 2032, deepening its business with the social media giant that’s trying to catch up in the race to build more powerful artificial intelligence models.

CoreWeave will provide AI cloud capacity to Meta from multiple data centres powered in part by Nvidia’s Rubin chip system, through December 2032, the company said on Thursday (Friday AEST). CoreWeave now holds $US35 billion in contracts with Meta, making the tech firm one of its largest customers, the company said.

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Bloomberg