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CoreWeave stock pops 11% on deal to power Anthropic's Claude

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Why This Matters

CoreWeave's strategic partnership with Anthropic to support its Claude AI models highlights the increasing demand for scalable AI infrastructure. This deal underscores the growing importance of cloud providers in enabling advanced AI development, attracting significant investments from industry giants like Meta. Such collaborations are shaping the future of AI technology and infrastructure in the tech industry.

Key Takeaways

CoreWeave announced Friday that it has entered a multi-year agreement with Anthropic to power its Claude artificial intelligence models as demand for infrastructure continues to climb.

Shares of the neocloud climbed more than 10% following the news.

"With the addition of Anthropic, nine of the leading ten AI model providers now leverage CoreWeave's platform, reflecting the growing demand for infrastructure that can support AI at scale," CoreWeave said in the announcement.

The deal comes one day after Meta committed to spending an additional $21 billion with the AI cloud provider. The deal adds to a prior $14.2 billion commitment announced in September.

CoreWeave declined to disclose the value of the Anthropic deal. The cloud provider told CNBC that of the top ten foundational AI models, Elon Musk's xAI is the one company they do not yet work with.