Nvidia will purchase $6.3 billion of cloud services from CoreWeave, securing the AI chipmaker access to CoreWeave's computing capacity through to April 2032. The agreement ensures that Nvidia will buy any cloud capacity that remains unsold to CoreWeave's customers.
The deal deepens the partnership between the two companies, with Nvidia already a shareholder and GPU supplier to CoreWeave. CoreWeave will sell reserved cloud computing capacity to its customers, while Nvidia gains access to any residual unsold capacity. This arrangement guarantees revenue for CoreWeave's excess capacity and bolsters Nvidia's cloud strategy.
CoreWeave specialises in GPU-accelerated computing, operating AI data centres in the US and Europe. The company houses a large fleet of Nvidia GPUs and provides infrastructure for compute-intensive workloads. The agreement underlines the increasing demand for cloud-based computing to power AI models.
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