Microsoft pens AI cloud computing deal with former Ethereum miner CoreWeave: CNBC By Cointelegraph

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© Reuters.

Microsoft (NASDAQ:) has reportedly signed a deal with former miner CoreWeave to use its cloud computing infrastructure to support its Artificial Intelligence-powered services.

According to a June 1 report from CNBC which cites “people with knowledge of the matter,” Microsoft is potentially set to spend billions of dollars on the deal with CoreWeave that will run over multiple years.