Microsoft Corp may spend billions of dollars over multiple years on computing infrastructure from startup CoreWeave, CNBC reported on Thursday, citing people familiar with the matter.
According to the report, the Windows maker signed the CoreWeave deal earlier this year to ensure that OpenAI, which operates the viral ChatGPT chatbot, will have adequate computing power.
Microsoft declined to comment, while CoreWeave did not immediately respond to Reuters’ request for a comment.
CoreWeave, valued at $2 billion and which counts Nvidia Corp among its investors, has raised more than $400 million over the last two months.
New York-based CoreWeave specialises in providing cloud computing services based on graphics processing units, the category of chip pioneered by Nvidia that has become central to artificial intelligence services like OpenAI’s ChatGPT.
Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.
