Coreave shares climbed 13 % after the company lands at $ 14 billion with Meta

shares Coruv More than 13 % emerged on Tuesday after the company announced that it had agreed to submit it Dead With $ 14.2 billion from artificial intelligence Cloud infrastructure.

Coreave works in deals where Big Tech Companies and AI Startups are building a computing infrastructure. The Tuesday’s announcement comes a few days after the expansion of Coreweave An agreement with Openai By $ 6.5 billion, the total contract reaches $ 22.4 billion.

“The agreement confirms that behind all Amnesty International penetration is the partnerships that make it possible,” said a spokesman for Coreweave in a statement on the identification deal on Tuesday.

Meta did not immediately respond to the CNBC request for comment. Bloomberg was The first to report The deal.

Coreave primarily generates revenues by building and renting data centers full of database NafidiaGraphics processing units, which are a key to training forms and operating large work burden of artificial intelligence. The company, which some investors classified as “neocloud“He became an important player in Increasingly A network of artificial intelligence infrastructure partners.

Meta has the option to “expand its financial commitment” to obtain an additional computing capacity until 2032, according to file With the US Securities and Stock Exchange Committee on Tuesday.

The social media company was flowing on dozens of Billion dollars In artificial intelligence in recent months in an attempt to build its infrastructure for Amnesty International and bring high talents.

Mita said during it Reconciliation of the second quarter profit In July, its total expenses for 2025 expect that it will decrease between 114 billion dollars and 118 billion dollars, and the company expects that “artificial intelligence initiatives” will lead to “the rate of expenses growth 2026 on an annual basis that exceeds the growth of 2025 expenditures”.

In July, Meta Mark Zuckerberg CEO said SuperCluster Online next year, it builds many others. Supercluster is a large and complex computing network located within a data center.

Zuckerberg said it is expected that one of these facilities, which is called Meta, is high enough to cover a “large part of the Manhattan imprint.”

Zuckerberg wrote in Facebook post.

He watches: CEREVE CEO: The construction of Amnesty International Infrastructure will require trillions of public and private investment.