AI startup Vast Data has signed a $1.17 billion commercial agreement with cloud provider CoreWeave (CRWV), extending their existing partnership as demand for infrastructure that powers artificial intelligence systems grows, the company told Reuters.
Under the agreement, CoreWeave will use Vast as the primary data platform for its cloud infrastructure, which provides customers with access to graphics processing units (GPUs) for training and running AI models. Vast says such contracts typically span three to five years but declined to disclose detailed financial terms.