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Livingston-headquartered CoreWeave continued its flurry of major deals Sept. 30. The latest secures a $14.2 billion long-term AI cloud infrastructure agreement with Meta.

This pact comes on the heels of a $6.5 billion expansion of CoreWeave‘s contract with OpenAI – as companies and organizations ratchet up efforts and investment to build out their AI computing infrastructure. CoreWeave offers access to leading chips from Nvidia needed for advanced AI models. Under this agreement, Meta will have access to Nvidia’s latest GB300 systems.

The deal with Meta, first reported by Bloomberg, runs through December 2031, with an option to extend through 2032 for additional cloud computing capacity, according to a filing with the U.S. Securities and Exchange Commission.

“The agreement underscores that behind every AI breakthrough are the partnerships that make it possible,” a CoreWeave spokesperson told NJBIZ. “Customers choose CoreWeave for our purpose-built AI cloud, technical expertise, and execution, making us the trusted backbone for the world’s leading innovators and most ambitious projects.”

“They [Meta] loved our infrastructure in earlier contracts and came back for more,” Chief Executive Officer Michael Intrator said in an interview with Bloomberg.

Meta did not immediately respond to a request for comment.

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CoreWeave co-founder Brian Venturo was recently listed as one of the wealthiest people in America, according to Forbes. See who else made the list here.