CoreWeave shares gain on new Anthropic cloud deal

Investing.com -- CoreWeave Inc. shares rose more than 5.2% in pre-market trading Friday after the company confirmed a multi-year cloud infrastructure agreement with Anthropic.

Under the deal, Anthropic will use CoreWeave's cloud platform to support the development and deployment of its Claude AI models. The compute resources are expected to begin coming online later this year.

The collaboration will initially focus on a phased infrastructure rollout with potential for expansion over time. Anthropic will use the platform to run production-scale workloads.

"AI is no longer just about infrastructure, it's about the platforms that turn models into real-world impact," said Michael Intrator, co-founder and CEO of CoreWeave. "We're excited to work with Anthropic at the center of where models are put to work and performance in production shows up."

CoreWeave said nine of the ten leading AI model providers now use its platform. The company positions itself as a specialized cloud provider for AI workloads.

Bloomberg reported on the upcoming deal prior to the official announcement.

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