CoreWeave, a former Ethereum miner, has signed a billion-dollar AI deal with Microsoft. The deal will see the former’s cloud infrastructure used for OpenAI’s ChatGPT.
The deal involves AI computing and will involve CoreWeave’s cloud computing infrastructure. Over the years, it could profit many billions of dollars for Microsoft.
Microsoft Bets Big on AI
CoreWeave offers access to Nvidia graphics cards, which can then be used for the computationally intensive models that are behind AI technologies. Neither Microsoft nor CoreWeave has spoken about the deal, though an official statement should not be far away.
OpenAI currently uses its Azure cloud infrastructure to power its ChatGPT application, but it appears that it may need more power. For CoreWeave, it’s a significant step forward, with the company making hefty progress since it was first launched in 2017.
