On June 2, according to CNBC citing people familiar with the matter, Microsoft has signed an artificial intelligence computing power agreement with the former Ethereum mining company CoreWeave, which may be worth (at least) billions of dollars. Both Microsoft and CoreWeave declined to comment. New York-based CoreWeave, which specializes in graphics processing unit (GPU)-based cloud computing services, has been at the heart of artificial intelligence (AI) services like OpenAI's ChatGPT. As previously reported, CoreWeave announced on April 22 that it had completed a $221 million Series B round of financing at a valuation of $2 billion, led by Magnetar Capital, with participation from Nvidia, former GitHub CEO Nat Friedman, and former Apple executive Daniel Gross.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.