Microsoft Signs Deal for AI Computing Power With Nvidia-backed CoreWeave That Could Be Worth Billions
Microsoft's massive investment in OpenAI has put the company at the center of the artificial intelligence boom. But it's not the only place where the software giant is opening its wallet to meet the surging demand for AI-powered services. From a report: CNBC has learned from people with knowledge of the matter that Microsoft has agreed to spend potentially billions of dollars over multiple years on cloud-computing infrastructure from startup CoreWeave, which announced on Wednesday that it raised $200 million. That financing comes just over a month after the company attained a valuation of $2 billion. CoreWeave sells simplified access to Nvidia's graphics processing units, or GPUs, which are considered the best available on the market for running AI models. Microsoft signed the CoreWeave deal earlier this year in order to ensure that OpenAI, which operates the viral ChatGPT chatbot, will have adequate computing power going forward, said one of the people, who asked not to be named due to confidentiality. OpenAI relies on Microsoft's Azure cloud infrastructure for its hefty compute needs.
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