CoreWeave jumps premarket after Claude-maker Anthropic agrees to rent AI capacity By Investing.com

Investing.com - Shares of CoreWeave gained in premarket U.S. trading on Friday after artificial intelligence start-up Anthropic agreed to rent computing power from the specialized cloud provider.

In a statement, CoreWeave said the deal will see the company help Anthropic build and deploy its popular Claude AI models.

Anthropic and CoreWeave will initially focus on a "phased infrastructure roll-out" with the potential to expand over time, CoreWeave said.

The news comes after CoreWeave inked a new $21 billion deal to also provide cloud computing capacity to Facebook-owner Metal Platforms, aiding the social media giant's push to construct the digital infrastructure needed to support cutting-edge AI workloads.

Following the announcement of the Meta agreement, CoreWeave's stock price rose by just under 3.5% on Thursday.

New Jersey-based CoreWeave offers data centers that house Nvidia's top-of-the-line graphics processing units, which provide the massive computing capacity that hyperscalers such as Meta and its megacap peers have been racing to obtain.

Nine of the ten leading AI model providers now leverage CoreWeave's platform, reflecting growing demand for infrastructure that can support AI at scale, CoreWeave said.