According to reports, Microsoft will spend nearly 10 billion US dollars to rent servers from artificial intelligence startup CoreWeave in the next seven years. This huge investment accounts for more than half of the total contract amount of CoreWeave, highlighting Microsoft's emphasis on the development of artificial intelligence technology and CoreWeave's 30% 50% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% Leading position in the field of AI computing power. This move also reflects the current booming development of the artificial intelligence industry and the huge demand for high-performance computing resources.
Microsoft will reportedly spend nearly $10 billion between 2023 and 2030 to rent servers from artificial intelligence startup CoreWeave. This amount accounts for more than half of the total $17 billion contract signed by CoreWeave with its clients.
CoreWeave and Microsoft did not immediately respond to requests for comment. According to previous reports, CoreWeave is preparing for an initial public offering (IPO) in 2025. The company recently received $650 million in credit lines from several investment banks. Prior to the credit arrangement, CoreWeave raised $12.7 billion in equity and debt financing over the past 12 months, including $7.5 billion in debt financing in May.
Founded in 2017, Roseland, New Jersey-based CoreWeave rents Nvidia’s AI chips through one of its 14 data centers and plans to own 28 data centers by the end of the year. CoreWeave's business mainly provides customers with artificial intelligence computing power to help them accelerate the development and deployment of artificial intelligence applications.
CoreWeave is supported by Nvidia, the main supplier of artificial intelligence chips. CoreWeave raised $2.3 billion in debt from some investors in August 2023 - with Nvidia's artificial intelligence chips as collateral.
The cooperation between Microsoft and CoreWeave indicates the future trend of the deep integration of cloud computing and artificial intelligence technologies, and also marks the increasingly fierce competition in the field of artificial intelligence. With its powerful computing infrastructure and cooperation with Nvidia, CoreWeave is expected to occupy an important position in the future artificial intelligence market. This huge investment will further promote the innovation and development of artificial intelligence technology and bring more possibilities to all walks of life.