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CoreWeave told investors its signed contracts are worth $17B, including $10B by Microsoft from 2023 to 2030, and it expects revenue to grow 4x to $8B in 2025 (The Information) https://t.co/eXcaiDDE3n 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/DjDlW8VAcV
Microsoft $MSFT may reportedly spend up to $10 billion renting AI servers from Nvidia $NVDA-backed CoreWeave from 2023 to 2030, as its AI capacity continues to lag demand. $AMZN $GOOG $META $ORCL
Microsoft $MSFT plans to invest around $10B in CoreWeave’s $CORZ data centers to power AI models from now through the end of the decade, according to a report from The Information. CoreWeave reportedly shared with investors that Microsoft is its largest customer by far,…
CoreWeave, a data center company backed by Nvidia, is set to experience significant growth, largely driven by a substantial investment from Microsoft. The tech giant plans to invest approximately $10 billion in CoreWeave's data centers from 2023 through 2030 to support its AI initiatives. Microsoft has been identified as CoreWeave's largest customer, which is critical as the company aims to meet the increasing demand for AI capacity. CoreWeave has reported signed contracts worth $17 billion in total and anticipates a fourfold revenue increase to $8 billion by 2025. Other notable customers include Meta, Amazon, Google, and Oracle.