Former Ethereum miner, CoreWeave entered into a deal with Microsoft just a few days after it announced an additional funding round
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Microsoft has reportedly entered into an agreement with CoreWeave, a former Ethereum miner, to leverage its artificial intelligence (AI)-powered services with CoreWeave’s cloud computing infrastructure.
As per a report dated June 1 that cites “people with knowledge of the matter,” Microsoft is most likely going to spend billions of dollars on this deal with CoreWeave for a period spanning multiple years.
One of the sources of CNBC claimed that the deal was signed earlier in 2023.
In the midst of AI technology growing rapidly over the past 12 months, Microsoft has launched many different AI-powered services. A key example of such launches would be the integration of OpenAI’s GPT-4 with its web browsers Bing and Microsoft Edge, for which the company recently axed the waitlist.
OpenAI also utilises Azure, the cloud computing infrastructure of Microsoft, for handling its sizable computing requirements.