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Microsoft has entered into a groundbreaking partnership with CoreWeave, a former Ethereum miner, to enhance its Artificial Intelligence (AI) services by utilizing CoreWeave’s advanced cloud computing infrastructure. This agreement, reportedly worth billions of dollars, was confirmed by insiders familiar with the matter and will leverage the expertise and resources of both companies. CoreWeave initially employed graphics processing units (GPUs) to validate transactions on the Ethereum network, but later transitioned its focus to cloud GPU computing. This announcement follows CoreWeave’s recent extension of its Series B funding round, securing an additional $200 million.
