Microsoft Signs $9.7 Billion Cloud Deal With IREN
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People Inc., one of the largest media publishers in the U.S., has signed an AI licensing deal with Microsoft. The media giant (formerly known as Dotdash Meredith) made the announcement Tuesday as a part of parent company IAC’s third-quarter earnings.
Microsoft’s first in-house AI image generator, MAI-Image-1, is now available in two products, Bing Image Creator and Copilot Audio Expressions. The company announced the model in October. Microsoft AI chief Mustafa Suleyman wrote in a post on X that the text-to-image model will be “coming soon” to the EU.
Image-1, inside Copilot — and early testers say it’s a big upgrade. The model is already earning praise for producing more realistic textures, cleaner hands, and better lighting than previous Copilot image tools.
Microsoft has announced it will ship Nvidia's advanced AI chips to the United Arab Emirates. The U.S. Commerce Department approved the deal in September.
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Microsoft has committed over $60 billion to neocloud providers to meet rising AI compute demand
Microsoft has now poured more than $60 billion into a swarm of neocloud infrastructure companies, in what looks like an all-out effort to claw back enough power and chips to meet its overwhelming AI compute demand.
The tech giant said it is the first company granted an export license by the Trump administration’s Commerce Department to ship AI chips to the U.A.E.
Microsoft's capital-spending growth is expected to slow this fiscal year relative to last year, based on management's commentary. On Wednesday, investors will be looking to see if new developments in the AI industry have changed the company's view at all.
Microsoft's AI infrastructure spending to meet growing cloud services demand is outpacing Wall Street expectations, deepening investor fears about the costs of sustaining the boom.
Microsoft Copilot is coming off yet another impressive week of picking NFL games. Will its success last into Week 9?
IREN stock soared on Monday after announcing a nearly $10 billion deal with Microsoft to provide access to Nvidia chips.