Microsoft said Monday it will be shipping Nvidia‘s most advanced artificial intelligence chips to the United Arab Emirates as part of a deal approved by the U.S. Commerce Department.
Cloud-computing company Lambda deepened its relationship with Microsoft through a sizable AI infrastructure deal.
IREN (IREN) shares jumped to an all-time high Monday after the Australian Bitcoin miner and data center company said it inked a $9.7 billion deal with Microsoft (MSFT).
US tech giant Microsoft on Monday announced $15.2 billion in investments in artificial intelligence and cloud computing in the United Arab Emirates.
AI cloud startup Lambda announced a multibillion-dollar partnership with Microsoft to build AI infrastructure powered by Nvidia chips. The Nvidia-backed firm has had a relationship with Microsoft since 2018.
Microsoft will spend nearly $8 billion on data centers, cloud computing and employees in the United Arab Emirates over the next four years. The company plans to also triple the amount of advanced Nvidia chips it uses in the nation.
Microsoft said the Trump administration has approved its plans to send Nvidia chips to the U.A.E. for building data centers needed to train AI models
In a major expansion of its cloud partnerships, OpenAI signed a $38 billion deal with Amazon Web Services to train and run future AI models, reflecting both the scale of the AI boom and the increasingly complex ties among the industry's biggest players.
Microsoft announced additional investments in the United Arab Emirates as it looks to expand its data center footprint and capitalize on export licenses.
The tech giant said it is the first company granted an export license by the Trump administration's Commerce Department to ship AI chips to the U.A.E.
Microsoft is leaving no stone unturned in its quest to secure more compute capacity for meeting its customers' heavy demand for AI services.
The tech giant said it is the first company granted an export license by the Trump administration's Commerce Department to ship AI chips to the UAE.