UPDATE 1-CoreWeave strikes AI cloud deal with Anthropic, shares rise
Microsoft Corporation MSFT | 0.00 | |
NVIDIA Corporation NVDA | 0.00 | |
CoreWeave CRWV | 0.00 |
Adds context; updates shares
April 10 (Reuters) - Cloud infrastructure firm CoreWeave CRWV.O said on Friday it has struck a deal with Anthropic to supply the AI startup with cloud computing capacity, sending its shares up about 4% in early 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 NVDA.O in September and an expanded $21 billion deal with Meta META.O 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.
Anthropic has been rushing to secure more capacity. Earlier this week, it signed a deal with Broadcom AVGO.O and Google GOOGL.O for AI capacity, while Reuters exclusively reported on Thursday that Anthropic was exploring the possibility of designing its own chips.
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.
