Microsoft Signs $9.7 Billion Cloud Deal With IREN
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Microsoft's CEO, Satya Nadella, told investors that the company plans to double its data center footprint over the next two years.
Microsoft, OpenAI, Oracle are looking to Wisconsin to achieve their goals for artificial intelligence. Here's some similarities and differences.
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.
The campus will use a closed-loop liquid cooling system that minimizes water use and reduces energy consumption.
We’re just demanding a higher level of discipline because it’s a bigger project than we’ve ever come close to,” said Caledonia resident Prescott Balch.
Nadella, who shared these insights on the Bg2 Pod YouTube channel, revealed that Microsoft has encountered situations in which hardware inventory exceeds what its data centers
Microsoft has denied claims that its data center in central Mexico is tied to a recent spate of power outages, water shortages, and health concerns, claiming it always prioritizes the needs of local communities in any actions it takes.
It's been a year since Microsoft spent $27 million on a huge property in the middle of rural Person County. We still don't know why.
The stock is up about 23% year to date, roughly matching the return of the Nasdaq Composite. It has outperformed the Nasdaq over the last three- and five-year periods. One reason it's not too late to expect the stock to deliver superior returns is the accelerating growth in its cloud business.
The company is seeing more demand for its cloud computing and AI services than it can keep up with, a challenge that is supercharging profits.