CoreWeave recently told investors that Microsoft (MSFT) intends to spend roughly $10B between 2023 and the end of this decade utilizing the startup’s data centers to run AI models, The Information’s Cory Weinberg and Anissa Gardizy report. The software and technology giant, which appears to be committing more to CoreWeave’s data centers than previously known, is likely the company’s largest customer by a significant margin, the authors say, citing comments from CoreWeave to its investors. The startup also told investors the total value of its signed contracts are $17B, without specifying the time period, the report noted. On October 22, Core Scientific (CORZ) announced that CoreWeave had exercised its final option to contract for additional infrastructure pursuant to the terms provided as part of the previously announced 200 megawatt, or MW, hosting contract for high performance computing, or HPC, entered into with CoreWeave on June 3.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Microsoft to spend about $10B to use CoreWeave data centers, Information says
- New ‘Call of Duty’ broke records for Xbox Game Pass subscribers, GI.biz says
- OpenAI Launches Online Search Function in Direct Challenge to Google (GOOGL)
- ‘Call of Duty HQ’ hits all-time highs in Xbox Series, PS5 players, says Circana
- META, MSFT, and SMCI Sink the Nasdaq amid Tech Selloff