Microsoft signs deal for A.I. computing power with Nvidia-backed CoreWeave that could be worth billions
PUBLISHED THU, JUN 1 20231:45 PM EDTUPDATED THU, JUN 1 20233:12 PM EDT
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KEY POINTS
- Microsoft’s agreement with CoreWeave could be worth billions of dollars over multiple years, people familiar with the matter said.
- CoreWeave offers Nvidia graphics cards that other companies rent out.
- Nvidia has invested $100 million in CoreWeave, which in April was valued at $2 billion.
In this article
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Microsoft CEO Satya Nadella
Jordan Novet | CNBC
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.
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 Wednesday that it raised $200 million. That financing comes just over a month after the company attained a valuation of $2 billion.