Microsoft Forms $9.7B AI Cloud Partnership with IREN.
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Microsoft made a big deal. It will spend about ten billion dollars on cloud services. This is with a company that does AI cloud services, called IREN.
The deal will last five years. Microsoft will pay some money early, about twenty percent. Microsoft wants to keep up with the need for AI tools.
Microsoft is spending a lot of money. They spent about thirty five billion dollars recently. This money is for AI and cloud demand, like computer chips.
A Microsoft leader said IREN is a good partner. IREN knows how to build and run an AI cloud. The leader also said this deal will help both companies grow.
Microsoft also made a deal with OpenAI. This helped Microsoft's value go up. Microsoft now owns about twenty-seven percent of OpenAI's company.
Questions
How much money will Microsoft spend on cloud services?
Microsoft will spend about ten billion dollars on cloud services.
How long will the deal with IREN last?
The deal will last five years.
What percentage of OpenAI does Microsoft own?
Microsoft owns about twenty-seven percent of OpenAI's company.
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