On Friday, CNBC reported that Microsoft Corp. (MSFT.O) may spend billions of dollars on CoreWeave computer infrastructure over numerous years.
According to the article, Microsoft signed the CoreWeave arrangement earlier this year to ensure OpenAI, which runs the viral ChatGPT chatbot, has enough computing capacity.
Microsoft and CoreWeave did not respond to Reuters’ requests for comment.CoreWeave, estimated at $2 billion and backed by Nvidia Corp (NVDA.O), has raised over $400 million in two months.
New York-based CoreWeave provides cloud computing services based on graphics processing units, the Nvidia-pioneered hardware that powers artificial intelligence applications like OpenAI’s ChatGPT.