Microsoft Plans To Invest $10 Billion In AI Startup CoreWeave By 2030

According to Odaily, Microsoft is planning to invest nearly $10 billion by 2030 to lease servers from the artificial intelligence startup CoreWeave. This information was revealed in comments made by the company to its investors. The amount is reportedly larger than previously known and represents more than half of the $17 billion in contracts CoreWeave has signed with its clients. CoreWeave anticipates its revenue to quadruple next year, reaching approximately $8 billion. Both CoreWeave and Microsoft have yet to comment on this development. Previously, CoreWeave signed a multi-year contract with Bitcoin mining company Core Scientific. Under this agreement, Core Scientific will provide up to 16MW of data center infrastructure to host CoreWeave's operations. Recently, Core Scientific announced an expansion of its hosting contract with CoreWeave, which will add 120 MW of power for CoreWeave's high-performance computing (HPC) operations. This extension will bring the total power capacity across six Core Scientific sites to 500 MW.