CoreWeave Seeks $8.5B Loan Backed by $14.2B Meta Contract in Major AI Infrastructure Financing

Cloud infrastructure provider CoreWeave is seeking approximately $8.5 billion in financing from major banks including Morgan Stanley and Mitsubishi UFJ Financial Group, according to sources familiar with the matter. The loan would be backed by a contract signed last year with Meta that commits the social media giant to pay CoreWeave up to $14.2 billion for its services through 2030.

CoreWeave, which provides specialized cloud infrastructure with high-performance GPU capabilities, has positioned itself as a key player in the rapidly expanding AI computing market. The company offers bare-metal GPU instances and other infrastructure specifically designed for AI training and inference workloads, serving clients that require more specialized computing resources than traditional cloud providers can offer.

The Meta agreement, first reported in 2025, represents one of the largest commitments by a major tech company to specialized AI infrastructure providers. The contract spans multiple years and includes provisions for CoreWeave to provide GPU computing resources and related infrastructure services to support Meta's AI initiatives, including its work on large language models and other AI systems.

This financing move comes amid intense competition for specialized computing resources, as companies race to build out AI capabilities. The capital will allow CoreWeave to expand its infrastructure footprint, purchase additional GPU hardware, and scale its operations to meet the growing demand from Meta and other clients.

The loan structure, which uses the Meta contract as collateral, reflects the financial innovation happening in the AI infrastructure space. Rather than traditional equity financing, CoreWeave is leveraging its contracted revenue stream to secure substantial debt financing, a strategy that has become more common as specialized infrastructure providers seek to scale rapidly without diluting existing shareholders.

For Meta, this financing arrangement provides stability in its supply chain for critical AI infrastructure while potentially offering more favorable terms than purchasing all hardware outright. The company has been investing heavily in AI capabilities, including the development of its own large language models and AI systems for various applications across its platforms.

The deal also highlights the broader trend of major tech companies diversifying their AI infrastructure sources beyond traditional cloud providers. While companies like Amazon Web Services, Microsoft Azure, and Google Cloud dominate the general cloud market, specialized providers like CoreWeave offer tailored solutions for specific AI workloads, particularly those requiring high-performance GPU resources with low-latency access.

Market analysts view this financing as a bellwether for the AI infrastructure sector, which has seen explosive growth alongside the generative AI boom. The sector has attracted billions in investment, with specialized chip companies, GPU providers, and infrastructure startups all vying for position in what many expect to be a multi-trillion dollar market over the next decade.

CoreWeave's financing follows several other significant deals in the AI infrastructure space, including AMD's $100 billion agreement with Meta for GPU supply and SambaNova's $350 million Series E funding round. These transactions underscore the massive capital requirements for building out the physical infrastructure needed to power next-generation AI systems.

The company's business model focuses on providing "infrastructure as a service" with specialized GPU capabilities, targeting enterprises and large-scale AI developers that need high-performance computing resources without the capital expenditure of building their own data centers. Its platform supports various AI frameworks and workloads, offering flexibility for different AI development needs.

For the banking sector, these large infrastructure loans represent new opportunities as traditional tech financing has evolved. With AI infrastructure becoming increasingly critical to the global economy, financial institutions are developing new frameworks for evaluating and financing these specialized technology assets.

The financing also comes amid increasing scrutiny of AI infrastructure investments, with regulators and investors examining the long-term viability of some AI projects. CoreWeave's secured financing, backed by a concrete contract with Meta, may position it more favorably in this environment than companies with more speculative business models.

As AI continues to transform industries, the infrastructure supporting these systems is becoming increasingly valuable and strategically important. CoreWeave's financing move demonstrates the significant capital requirements in this space and the innovative financial arrangements being developed to support the AI computing revolution.