This article first appeared on GuruFocus.
Anthropic PBC is moving to secure more computing capacity as demand for its artificial intelligence services continues to build, entering a multiyear agreement with CoreWeave (NASDAQ:CRWV). The deal, described as a multibillion-dollar contract by Chief Executive Officer Michael Intrator, is expected to support the development and deployment of Anthropic’s Claude models. The arrangement includes access to a range of chip architectures from Nvidia Corp. across US-based data centers, reflecting how AI developers are increasingly prioritizing infrastructure scale alongside model performance.
The agreement comes as Anthropic continues to face capacity pressures tied to what it has called unprecedented demand. The company has committed $50 billion toward new AI data centers in the US and recently raised $30 billion, contributing to a reported valuation of $380 billion. In parallel, Anthropic has expanded its access to energy through a partnership with Broadcom Inc. and Alphabet Inc.’s Google, securing 3.5 gigawatts of power. That level of capacity could support electricity needs on a scale comparable to hundreds of thousands of US households, highlighting how both compute and energy are becoming central constraints in AI growth.
For CoreWeave, the deal adds to a growing base of high-profile customers and reinforces its positioning within the neocloud category, where providers specialize in high-performance infrastructure for AI workloads. The company operates 43 active data centers and has contracted more than 3 gigawatts of power, while also announcing a $21 billion commitment from Meta Platforms Inc. (NASDAQ:META). With customers including Microsoft Corp. (NASDAQ:MSFT), CoreWeave now counts the four largest AI model developers among its clients. Shares rose 13% to $104.27 intraday, marking the largest gain in more than two months and bringing the stock up 46% this year, a move that could indicate continued investor focus on AI infrastructure demand.
