Microsoft Invests $9.7B in AI Cloud Capacity
This move reflects broader industry trends towards investing heavily in artificial intelligence (AI) infrastructure. As demand for AI services continues to skyrocket, tech giants like Microsoft are scrambling to secure sufficient compute capacity to meet customer needs. The recent $9.7 billion, five-year contract between Microsoft and Australia’s IREN is a prime example of this trend. By partnering with IREN, Microsoft will gain access to compute infrastructure powered by Nvidia’s GB300 GPUs, which will be deployed in phases through 2026 at IREN’s facility in Childress, Texas. ...