Microsoft, AI and IREN
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Microsoft pledges $15 billion investment
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It is targeted towards regional-scale workloads, multinational users and data-intensive AI systems Read more at The Business Times.
Microsoft has secured a $9.7 billion cloud services agreement with Australian AI infrastructure provider IREN, gaining access to Nvidia chips to meet
In 2023, Microsoft partnered with an Abu Dhabi-based company called Group42 to grow its UAE data center presence. The tech giant disclosed today that it will have invested more than $7.3 billion in the partnership by the end of the year. Over half the sum was allocated to capital expenditures, a line item that includes data center infrastructure.
Microsoft has announced a $15.2 billion strategic investment in the United Arab Emirates by 2029, a move aimed at boosting artificial intelligence and cloud computing. It has been
Microsoft Corp said it will spend more than US$7.9 billion on data centres, cloud-computing and employees in the United Arab Emirates over the next four years.
IREN stock soared on Monday after announcing a nearly $10 billion deal with Microsoft to provide access to Nvidia chips.