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

On Nov. 2, Microsoft plans to spend nearly $10 billion to lease servers from artificial intelligence startup CoreWeave by 2030, according to a report from The Information, which cited comments made by the company to investors, and which reportedly said that the amount could be larger than previously known, accounting for more than half of the $17 billion in total contracts CoreWeave has signed with customers. CoreWeave, which expects revenues to quadruple to about $8 billion next year, and Microsoft have not yet commented on the matter. The news comes after CoreWeave signed a multi-year contract with bitcoin miner Core Scientific, which will provide up to 16MW of data center infrastructure to host CoreWeave's infrastructure. Core Scientific also recently announced the expansion of its hosting contract with AI computing company CoreWeave, with the extended deal adding 120 MW of power to CoreWeave's high-performance computing (HPC) operations, bringing the total power across the six Core Scientific sites to 500 MW.