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)
CoreWeave, Inc. is an American technology company founded in 2017, specializing in cloud infrastructure designed for compute-intensive workloads. It has positioned itself as a niche player in a market dominated by generalist giants. Its offering is built on a vertical specialization in artificial intelligence (AI) and related applications, notably high-performance computing (HPC) and graphical rendering. CoreWeave operates a GPU-first architecture, optimized for training and inference of generative AI models. It also targets scientific and financial computing, as well as real-time 3D rendering needs. With its own data centers located in the United States and Europe, the company maintains full control over its infrastructure. This control enables it to deliver high performance, low latency, and flexible deployment capabilities. Some facilities are shared among clients, while others are fully dedicated to a single customer. CoreWeave serves a diverse clientele, ranging from AI startups to research labs, as well as production studios and financial institutions. In addition to its hardware infrastructure, the company develops its own GPU management software. These tools enable intelligent resource allocation, continuous performance optimization, and better cost control. This vertical integration, from hardware to software, enhances the company's competitiveness. CoreWeave stands out through its tailored approach and its ability to meet clients’ specific needs. It aims to become the leading provider for AI workloads on a global scale. In a context of surging demand for computing power, its model is appealing due to its specialization and agility.
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