Microsoft has entered into an approximately $9.7 billion cloud services contract with artificial intelligence cloud service provider IREN that will give it access to some of Nvidia’s chips.
Michelle ChapmanFILE - Middle school teacher Jeremy Hook shops for the latests Microsoft's Surface Laptop Copilot+ PC's at Best Buy Atwater Village store in Glendale, Calif., Tuesday, July 29, 2025. Microsoft has entered into a $9.
7 billion cloud services contract with artificial intelligence cloud service provider IREN that will give it access to some of Nvidia's chips. The five-year deal, which includes a 20% prepayment, will help Microsoft as it looks to keep up with AI demand. Last week the software maker reported its grew 18% to $77.7 billion, beating Wall Street expectations while also surprising some investors with the huge amounts of money it is spending to expand its cloud computing infrastructure and address the growing need for AI tools.Microsoft spent nearly $35 billion in the July-September quarter on capital expenditures to support AI and cloud demand, nearly half of that on computer chips and much of the rest related to data center real estate. “IREN’s expertise in building and operating a fully integrated AI cloud — from data centers to GPU stack — combined with their secured power capacity makes them a strategic partner,” Jonathan Tinter, president of business development and ventures at Microsoft, said in a statement."This collaboration unlocks new growth opportunities for both companies and the customers we serve.”last week that pushed the Redmond, Washington, company to $4 trillion in valuation for the second time this year. The agreement gives the software giant a roughly 27% stake in OpenAI’s new for-profit corporation but changes some of the details of their close partnership. Microsoft’s $135 billion stake will be just ahead of the OpenAI nonprofit’s $130 billion stake in the for-profit company. IREN also said Monday that it signed a deal with Dell Technologies to buy the chips and ancillary equipment for about $5.8 billion. The Australian company anticipates the chips being deployed in phases through next year at its Childress, Texas campus.Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Must watch: News4JAX reporter Caleb Yauger learns how to line danceHundreds fed at Jerome Brown BBQ for government shutdown reliefFlorida and Georgia fans talk about what makes the rivalry specialTeagan Rebane said 🗣️ ‘I’ll take that!’ — Pick 6 to the crib 🐝Jaden Weatherly with a 💣to Naeem Burroughs for the score!!Luke Toland knows Camden Tietze is down there for 6️⃣⬆️⬇️Perfect pass. Clean catch. Golden touchdown. 🦅 Eric Gentry drops a dime to Gavin Boysen 🎯Blink and you’ll miss him 👀 Speed kills 😤 Alexander Lee turns the corner and he’s GONE! 🦁Blink and you’ll miss him 👀 Speed kills 😤 Alexander Lee turns the corner and he’s GONE! 🦁Donato's chips in to help those struggling with food insecurity as shutdown nears one-month markLocal barbeque joint lends helping hand to community affected by potential SNAP cutsLatest: Man involved in deadly stabbing at Anheuser-Busch plant hid after committing violent actHalloween Forecast: Cooler temps call for costume layers tonightRichard's Swing Makeover Pt. 5: Time to rinse the grunge off now that rust is gone0:43RV City: Trying some southern cuisine before the big Florida-Georgia gameAvery Griffin dives into the endzone for the score 🛝🛝🛝Christian Cato with a ⏺️to Joshua Jones for a touchdown worth 6-7 POINTS!!No one can stop Caleb Mattison to the 🏡👀Councilman calls for increased safety after another shooting along Harts RoadNeglected Jacksonville cemetery buried in brush slammed with more than $70K in finesNassau County woman receives keys to new home through SHIP program▶Richard's Swing Makeover Pt. 4: Rust removal▶Local mom says child came home from elementary school with pinworms, DCPS says it was never reported
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Microsoft enters approximately $9.7B contract with IREN that gives it access to Nvidia chipsMicrosoft has entered into an approximately $9.7 billion cloud services contract with artificial intelligence cloud service provider IREN that will give it access to some of Nvidia’s chips. The five-year deal, which includes a 20% prepayment, will help Microsoft as it looks to keep up with AI demand.
Read more »