Microsoft invests nearly $10 billion to lease CoreWeave AI servers

2024-11-03 13:51:42

Gold Finance reported that Microsoft will spend nearly $1 billion between 2023 and 2030 to rent servers from artificial intelligence startup CoreWeave. The report cited comments made by the company to investors, adding that this amount is larger than previously known, accounting for more than half of CoreWeave’s total contract value of $1.7 billion signed with customers. CoreWeave and Microsoft have not commented. According to previous reports, CoreWeave, supported by Nvidia, is preparing for its first IPO in 2025.

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