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Microsoft plans to spend $10 billion on CoreWeave servers by 2030

On November 2nd, according to The Information, Microsoft plans to spend nearly $10 billion to rent servers from artificial intelligence startup CoreWeave by 2030, the report quoted the company's comments to investors, it is reported that this amount may be larger than previously known, accounting for more than half of the total $17 billion contracts signed by CoreWeave with customers. CoreWeave expects revenue to quadruple to about $8 billion next year. CoreWeave and Microsoft have not yet commented on the matter. Previously, it was reported that CoreWeave has signed a multi-year contract with Bitcoin mining company Core Scientific, which will provide it with up to 16MW of data center infrastructure to host CoreWeave's infrastructure. Core Scientific also recently announced the expansion of its escrow contract with artificial intelligence computing company CoreWeave. The extended agreement will add 120 MW of power to CoreWeave's high-performance computing (HPC) operations, bringing the total power to 500 MW at six Core Scientific sites.