CoreWeave strikes AI cloud deal with Anthropic, shares rise

Cloud infrastructure firm CoreWeave said on Friday it has struck a deal with Anthropic to supply the AI startup with cloud computing capacity, sending its shares up more than 5% in premarket trading.

The multi-year agreement, whose financial terms were not disclosed, ‌will bring ⁠computing ⁠capacity for Anthropic online later this year and help it run workloads for its Claude family of AI models.

The partnership will ​initially focus on a phased infrastructure rollout, with the potential to expand in the future, the companies said.


The ​Anthropic deal is the latest in ⁠a series ‌of agreements that CoreWeave has signed ​in recent ​months, thanks to surging demand for computing power ⁠required to develop and run AI models.

CoreWeave struck an $11.9 billion deal with OpenAI last year, a $6.3 billion initial order with Nvidia in September and an expanded $21 billion deal with Meta on Thursday. The deal with Anthropic would also help CoreWeave diversify its revenue streams further - Microsoft accounted for about 67% of its revenue ‌last year, and Meta is now among its largest customers.

CoreWeave, a so-called neocloud, offers ​hardware and ​cloud capacity as ⁠services to other tech firms. Its close ties with Nvidia have made it a key supplier of advanced AI ​chips that large AI and tech companies seek.

CoreWeave's shares have risen nearly 29% so far this year, even as the company's rapid increase in capital spending and backlog risks have dented investor sentiment.