Microsoft in deal with Nvidia-backed CoreWeave for AI processing power - report
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Microsoft (NASDAQ:MSFT) is keeping up the pressure on artificial intelligence investments with a reported deal to boost cloud computing infrastructure.
The tech giant has an agreement with start-up CoreWeave that could see it spending potentially billions of dollars with the smaller company over several years, CNBC reported.

CoreWeave is backed by Nvidia (NVDA) and sells simplified access to Nvidia's graphics processing units -- currently a market go-to for running AI models.
Microsoft entered the deal earlier this year, according to the report, to secure enough computing power for OpenAI -- before CoreWeave reached a $2B valuation last month and before Wednesday's announcement that CoreWeave had raised a new $200M, an extension of a $221M April funding round that included $100M from Nvidia.
It was OpenAI's ChatGPT chatbot that started an AI frenzy in big tech in November, with Microsoft and rival Google (GOOG) (GOOGL) among others hustling to add generative AI into their products.