tech
CoreWeave stock pops 11% on deal to power Anthropic's Claude
The deal comes one day after Meta committed an additional $21 billion in spending to the cloud provider as AI demand continues to soar.
TL;DR
- CoreWeave announced a multi-year agreement with Anthropic to power its Claude AI models.
- The deal comes one day after Meta committed an additional $21 billion to CoreWeave.
- Nine of the top ten AI model providers now use CoreWeave's platform.
- CoreWeave operates data centers with hundreds of thousands of Nvidia GPUs.
- Anthropic's annual run rate has surpassed $30 billion.
- CoreWeave is financing its expansion with significant debt, including a new $3 billion debt raise for the Meta deal.