Microsoft Agrees Computing Infra Deal with CoreWeave By CIOTechOutlook Team

Microsoft Agrees Computing Infra Deal with CoreWeave

CIOTechOutlook Team | Friday, 02 June 2023, 02:53 IST

As per people familiar with the situation, Microsoft Corp. may invest billions of dollars over a number of years in computing infrastructure from startup CoreWeave.

The article claims that the Windows manufacturer signed the CoreWeave agreement early this year to guarantee that OpenAI, which runs the popular ChatGPT chatbot, would have enough processing power.

Microsoft declined to comment, and CoreWeave delayed responding to a request for comment from sources.

Nvidia Corp. is one of the investors in CoreWeave, which has received more than $400 million in the previous two months and has a valuation of $2 billion.

The New York City CoreWeave is an industry leader in the provision of cloud computing services based on graphics processing units, a class of hardware invented by Nvidia and now a key component of artificial intelligence services like OpenAI's ChatGPT.

The corporate headquarters of the American global technology company Microsoft Corporation are in Redmond, Washington. The Windows family of operating systems, the Microsoft Office package, and the Internet Explorer and Edge web browsers are among Microsoft's most well-known software offerings. The Xbox video gaming consoles and the Microsoft Surface range of touchscreen personal PCs are its two main hardware offerings.

Microsoft, the largest software company in the world by revenue as of 2022, was placed No. 14 in the Fortune 500 rankings of the largest American firms by total revenue. Along with Alphabet (the parent company of Google), Amazon, Apple, and Meta (previously Facebook), it is regarded as one of the Big Five American technological corporations.