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Meta locks $14.2B cloud deal with CoreWeave amid AI arms race

Meta has signed a $14.2 billion cloud services agreement with CoreWeave, running through 2031, as it ramps up AI and infrastructure investments. The deal reduces Meta’s reliance on Microsoft, which accounted for most of CoreWeave’s revenue earlier this year. With similar mega-contracts inked with Google Cloud, AWS, and talks ongoing with Oracle, Meta is diversifying its cloud footprint while building out massive new data center campuses.

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