-- CoreWeave (CRWV) shares jumped Friday after the artificial intelligence cloud computing company struck a deal to support the development and deployment of Anthropic's Claude AI models.
Under the multiyear agreement, the Amazon-backed (AMZN) AI startup will use CoreWeave's cloud platform to run workloads at production scale. It will bring computing capacity for Anthropic online later this year.
CoreWeave shares were up nearly 11% in Friday afternoon trade, bringing its year-to-date gains to 42%.
"AI is no longer just about infrastructure, it's about the platforms that turn models into real-world impact," CoreWeave Chief Executive Michael Intrator said. "It's exactly the kind of real-world deployment of AI that CoreWeave was built for."
The company said the collaboration with Anthropic will initially target a phased infrastructure roll-out, with the potential to expand over time.
Anthropic didn't respond to' request for comment.
On Thursday, CoreWeave agreed to supply AI cloud capacity to tech giant Meta Platforms (META) in a $21 billion deal as the companies expanded their partnership.
CoreWeave said Friday that nine of the leading 10 AI model providers now use its platform.
Separately, the company said Friday it priced an upsized private offering of $3.5 billion of 1.75% convertible senior notes due 2032, with settlement expected Tuesday.
Earlier this week, Broadcom (AVGO) agreed to produce AI chips for Alphabet's (GOOG, GOOGL) Google and expanded its collaboration with Anthropic.
Price: $102.98, Change: $+10.98, Percent Change: +11.93%