Meta Invests $48 Billion in CoreWeave and Nebius for AI Infrastructure
Meta Platforms is investing $48 billion with CoreWeave and Nebius to support its AI infrastructure, as demand for AI computing outpaces the capacity of major hyperscale cloud providers. Both CoreWeave and Nebius are raising debt to fund their data center expansions, which are tailored for AI workloads. The investment highlights the growing reliance on neocloud providers for AI needs.
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Topics: AI infrastructure Cloud providers CoreWeave Data centers Meta Platforms Nebius Nvidia