🚀 Microsoft Plans To Invest $10 Billion In AI Startup CoreWeave By 2030
#Microsoft #investment #AI #CoreWeave #servers #contracts #revenue #CoreScientific #dataCenter #HPC #technology
According to Odaily, Microsoft is planning to invest nearly $10 billion by 2030 to lease servers from the artificial intelligence startup CoreWeave. This information was revealed in comments made by the company to its investors. The amount is reportedly larger than previously known and represents more than half of the $17 billion in contracts CoreWeave has signed with its clients. CoreWeave anticipates its revenue to quadruple next year, reaching approximately $8 billion. Both CoreWeave and Microsoft have yet to comment on this development.
Previously, CoreWeave signed a multi-year contract with Bitcoin mining company Core Scientific. Under this agreement, Core Scientific will provide up to 16MW of data center infrastructure to host CoreWeave's operations. Recently, Core Scientific announced an expansion of its hosting contract with CoreWeave, which will add 120 MW of power for CoreWeave's high-performance computing (HPC) operations. This extension will bring the total power capacity across six Core Scientific sites to 500 MW.#Microsoft #investment #AI #CoreWeave #servers #contracts #revenue #CoreScientific #dataCenter #HPC #technology
🚀 Hon Hai Reports Strong Revenue Growth Amid AI Demand
#HonHai #Foxconn #AI #ArtificialIntelligence #RevenueGrowth #Nvidia #Servers #DataCenters #TechIndustry #Meta #Amazon #ChipManufacturing #Hardware #SalesGrowth
Hon Hai, also known as Foxconn, reported a 35.5% increase in revenue for January, reflecting strong market demand for Nvidia servers amid the global wave of artificial intelligence development. According to Jin10, the company announced last month's revenue at 730 billion New Taiwan dollars, approximately 23 billion USD. However, comparisons with the previous year may be influenced by the Lunar New Year holiday, which fell in January in 2025. The company anticipates a 28% sales growth for the three months ending in March.
Hon Hai plays a crucial role in manufacturing servers that house chips for data centers, positioning itself as a key player in Nvidia's AI hardware industry. Despite warnings of overcapacity due to uncertainties in technology monetization, U.S. companies, including Meta and Amazon, continue to invest billions in deploying equipment necessary for training and running AI, benefiting Hon Hai in the process.#HonHai #Foxconn #AI #ArtificialIntelligence #RevenueGrowth #Nvidia #Servers #DataCenters #TechIndustry #Meta #Amazon #ChipManufacturing #Hardware #SalesGrowth