CoreWeave Inc. is seeking to raise about $8.5 billion from major banks including Morgan Stanley and Mitsubishi UFJ Financial Group Inc. to finance a massive cloud computing expansion for Meta Platforms Inc., according to sources familiar with the matter. This would be one of the largest financing rounds for a cloud infrastructure provider in recent years.

The funding comes as Meta Platforms aggressively expands its artificial intelligence and data center capabilities, requiring significant additional cloud capacity. CoreWeave, which specializes in GPU-accelerated cloud computing, has emerged as a key partner for tech giants needing specialized infrastructure. The company's relationship with Meta represents a major strategic win in the competitive cloud services market.

This substantial financing round underscores the massive capital requirements for building out modern AI infrastructure and the growing importance of specialized cloud providers. The deal would provide CoreWeave with the financial firepower to scale operations and meet Meta's expanding needs, while giving the social media giant access to cutting-edge GPU computing resources for its AI initiatives.