Meta Secures AI Cloud Leadership by 2032 with Multi-Billion Dollar Contracts

CoreWeave, Inc. (NASDAQ: CRWV), a dedicated AI cloud infrastructure provider, has entered into a long-term infrastructure agreement with Meta Platforms to supply dedicated AI cloud capacity through December 2032. The deal is valued at approximately $21 billion (roughly KRW 30 trillion) and focuses on deploying capacity across multiple regional data centers and includes early adoption of NVIDIA’s Vera Rubin platform to meet Meta’s growing AI inference demands.

On April 9, the company announced plans to privately place approximately $3 billion of convertible bonds due October 1, 2032, equivalent to around KRW 4 trillion. The proceeds are intended for capped‐call transactions to mitigate dilution from conversion and for general corporate purposes. The bonds are unsecured senior obligations partially guaranteed by certain subsidiaries and are structured to allow redemption, at the company’s option, in cash, Class A common shares, or a combination of both.

On April 13, Chief Development Officer Brannin McVey converted approximately 20,000 Class B shares held in a family trust into Class A common shares and then sold the entire position under a pre-established Rule 10b5-1 trading plan. These transactions were disclosed in a regulatory filing.

Additional market developments indicate that in January, NVIDIA made a direct investment of approximately $2 billion (around KRW 3 trillion) in CoreWeave to support the expansion of AI data centers by 5 GW by 2030. CoreWeave has also secured further funding through GPU-collateralized loans totaling around $8 billion and bond issuances worth several billion dollars, backed by its long-term contracts with Meta, OpenAI, and others.

Headquartered in New Jersey, CoreWeave is a GPU-accelerated AI cloud infrastructure provider that went public on Nasdaq in 2025. Since then, it has grown by supplying compute resources for AI training and inference to major clients such as Meta, OpenAI, and Microsoft.

Amid the generative AI boom, as big tech companies compete for compute resources through long-term contracts and equity investments, neo‐cloud infrastructure players like CoreWeave are emerging as key participants in U.S. data center investments and the corporate bond market.