- Microsoft Corp (NASDAQ:MSFT) has agreed to spend potentially billions of dollars over multiple years on cloud computing infrastructure from startup CoreWeave.
- CoreWeave, announced Wednesday that it raised $200 million from hedge fund Magnetar Capital just over a month after the company reached a valuation of $2 billion, CNBC cites familiar sources.
- CoreWeave sells simplified access to Nvidia Corp’s (NASDAQ:NVDA) graphics processing units, which are ideal for running AI models. Nvidia invested $100 million in the prior financing.
- Microsoft inked the CoreWeave deal this year to ensure adequate computing power for OpenAI, which operates the viral ChatGPT chatbot.
- Reportedly, Oracle Corp (NYSE:ORCL) and Microsoft discussed a deal to rent servers lest they run out of computing power for large-scale AI customers.
- Microsoft needs additional ways to tap Nvidia’s GPUs to remain at the top of the AI game fueled by the ChatGPT war.
- Nvidia joined the club of U.S. companies with a $1 trillion market value on Tuesday, buoyed by the AI boom.
- Price Action: MSFT shares traded higher by 0.20% at $333.25 premarket on the last check Friday.
A Look Into Intel’s Debt
Over the past three months, shares of Intel Inc. (NASDAQ:INTC) increased by 2.45%. Before having a look at…
