CoreWeave, a startup specializing in data center services for artificial intelligence applications, announced today that tech giant Microsoft will invest roughly $10 billion from now until 2030.
That is a big commitment to the infrastructure of running AI models underlying CoreWeave, positioning this startup as a significant challenger to established tech giants Amazon and Alphabet.
Microsoft Invests $10 Billion in CoreWeave to Dominate AI
Microsoft plans to invest nearly $10 billion in CoreWeave, the cloud-computing startup, between 2023 and 2030. According to a recent report by The Information, while referring to CoreWeave’s communication with its investors, Microsoft will make the most of the investment by using CoreWeave’s data centers to run cutting-edge AI models.
Added to the latest Microsoft deal, CoreWeave has said the value of signed contracts reached $17 billion, although this is over an unspecified timeframe. The startup is estimating revenue this year of approximately
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