Meta commits to spending additional $21 billion with CoreWeave as AI costs keep rising

Well, Meta just wrote a nearly decadel long check for AI compute, but the bill is coming due. Meta is committing, like you said, another $21 billion to Core. That's on top of a prior 14 billion agreement, bringing the total to roughly more than $35 billion.But this new spend actually runs through 2032. So, this is a long-term capital commitment to secure compute years in advance. And this is all happening while Meta is pouring as much as $135 billion into capex this year and building out its own data center ...