CoreWeave strikes AI cloud deal with Anthropic, shares surge
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A screen displays the company logo for CoreWeave, Inc., Nvidia-backed cloud services provider, during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. REUTERS/Brendan McDermid
April 10 (Reuters) - Cloud infrastructure firm CoreWeave said it has struck a deal with Anthropic to supply the AI startup with cloud computing capacity, sending its shares up more than 13% on Friday.
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 phasedinfrastructure rollout, with the potential to expand in thefuture, the companies said. * The Anthropic deal is the latest in a series of agreementsthat CoreWeave has signed in recent months, thanks to surgingdemand for computing power required to develop and run AImodels. * CoreWeave struck an $11.9 billion deal with OpenAI lastyear, a $6.3 billion initial order with Nvidia in September andan expanded $21 billion deal with Meta on Thursday. * The deal with Anthropic would also help CoreWeavediversify its revenue streams further - Microsoft accounted forabout 67% of its revenue last year, and Meta is now among itslargest customers. * Anthropic has been rushing to secure more capacity.Earlier this week, it signed a deal with Broadcom and Google forAI capacity, while Reuters exclusively reported on Thursday thatAnthropic was exploring the possibility of designing its ownchips. * CoreWeave, a so-called neocloud, offers hardware and cloudcapacity as services to other tech firms. Its close ties withNvidia have made it a key supplier of advanced AI chips thatlarge AI and tech companies seek.(Reporting by Deborah Sophia in Bengaluru; Editing by Diti Pujara)
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