Microsoft Signs Billion-Dollar AI Computing Deal with Former Ethereum Miner CoreWeave

2023-06-02 09:32:12BlockBeatsShare to:

BlockBeats news, 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. BlockBeats previously reported that 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. 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.

EthereumIntro

Ethereum is a smart ...All

EthereumMarkets

Price	$1,867.75 USD	Price Change (24h)	-0.44%	Trading Volume (24h)	$15,190,227,464.83 USD
Market Cap	$367,996,302,768.59 USD	Circulating Supply	120,072,116.68	Max Supply:	--

Disclaimer: The information provided in this section doesn't represent any investment tips or Bi123.co's official position.

A valuable blockchain information and data platform

Related News

Crypto trading platform Kraken acquires TradeStation Crypto
37 minutes ago
Avail announces airdrop rules and launches airdrop query website
51 minutes ago
Coinbase International will launch WIF perpetual contract
00:01
Runes DEX Completes $2 Million Seed Round
04-18 20:10

Similar News

MORE+