Reported about 8 hours ago
Microsoft has secured a $9.7 billion contract with AI cloud service provider IREN, granting it access to Nvidia chips to meet rising AI demands. This five-year agreement includes a 20% prepayment and follows Microsoft's reported 18% quarterly sales growth to $77.7 billion. By investing nearly $35 billion in the last quarter on AI-related expenditures, Microsoft aims to enhance its cloud infrastructure. The partnership with IREN, also collaborating with Dell Technologies, is seen as strategic for unlocking new growth opportunities.
Source: YAHOO