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 This material may not be published, broadcast, rewritten or redistributed without permission.WATCH: No injuries reported in train collision with 18-wheeler, Schertz police urge cautionMayor Jones deflects questions on crosswalk resolution in impromptu speechSA businesses donate $1.6M+ to help SNAP recipients during benefits pauseHow to celebrate Halloween safelySan Antonio LGBTQ+ community unites to protect the Pride district’s rainbow crosswalkSan Antonio chef reflects on industry challenges after restaurant closureSA rodeo plans on year-round expanding no matter election outcomeTexas ballot Proposition 1 aims to support trade school fundingHow to adjust your sleep habits before daylight saving time endsFederal, local law enforcement teams crack down on credit card skimmers in San AntonioHow a pause in SNAP benefits could affect the Texas economyPan dulce, hot coffee & jacket weatherManu Ginobili, Fabricio Oberto, family and friends attend world premiere of Tim Duncan documentaryManu Ginobili, Fabricio Oberto, family and friends attend world premiere of Tim Duncan documentarySan Antonio Jamaican restaurant leads relief efforts for Hurricane MelissaSan Antonio woman shares videos from Jamaica during Hurricane Melissa$200M+ traffic plan around proposed Spurs arena includes major interchange upgradeWest Side nonprofit welcomes SNAP recipients who need help▶
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US President Donald Trump says will block Nvidia's Blackwell AI chip sales to ChinaUS President Donald Trump said that the United States (US) will prevent China from obtaining Nvidia’s most advanced semiconductor technology, CBS News reported on Monday.
Read more »
Dow Jones futures hold steady as Trump plans to block China’s access to Nvidia technologyDow Jones futures remain steady above 47,700 during European hours, with the S&P 500 futures and Nasdaq 100 futures gaining 0.11% and 0.19%, trading around 6,880 and 26,050, respectively, ahead of the opening of the United States (US) regular session on Monday.
Read more »
Nvidia: Is the World’s Most Valuable Company a Big Risk at Current Valutaions?Market Analysis by covering: NVIDIA Corporation. Read 's Market Analysis on Investing.com
Read more »
Bitcoin (BTC) Miner IREN News: Microsoft (MSFT) Signs $9.7B AI Cloud DealThe deal is indicative of how miners’ once-volatile hardware fleets are increasingly viewed as strategic compute assets, bridging the gap between blockchain and AI.
Read more »
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 »
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.
Read more »