According to CNBC, Microsoft is set to expand its footprint in the artificial intelligence (AI) sector with a multi-billion dollar deal with CoreWeave, a cloud computing startup once known for its Ethereum mining operations. Microsoft’s investment follows the recent AI boom sparked by the introduction of OpenAI’s ChatGPT.
While specific deal figures have not been released, insiders confirm that the contract could be worth billions over several years. This move comes as Microsoft continues to deploy chatbots across its services, pointing to an increasing need for advanced computing infrastructure.
Founded in 2017, CoreWeave had recently secured $200 million from hedge fund Magnetar Capital, boosting its valuation to $2 billion. Previously, the firm had raised $221 million in funding, with notable participation from Nvidia.
CoreWeave positions itself as a cost-effective alternative to legacy cloud providers, offering high-performance…
