The cryptocurrency industry continues to comingle with that of artificial intelligence in what is reported as a new deal between tech heavyweight Microsoft and former Ethereum miner – CoreWeave.
- According to recent coverage by CNBC, Microsoft has signed a deal with the former Ethereum miner – CoreWeave.
- It’s worth noting that CoreWeave has spun up its usage of cloud computing infrastructure from Ethereum mining and is currently one of the rapidly developing providers.
- It recently attained a valuation of $2 billion.
- The financials of the deal with Microsoft haven’t been disclosed, but according to sources familiar with the matter and cited by CNBC, the tech behemoth has agreed to spend “potentially billions of dollars over multiple years.”
- At the beginning of 2023, Microsoft also invested a whopping $10 billion in OpenAI – the firm behind the popular AI-based chatbot ChatGPT.
- Sam Altman – the CEO of OpenAI – in turn, is now spearheading a cryptocurrency project called Worldcoin. He was successful in securing funding of $115 million to build the project, which involves high-precision retina scans and is backed by crypto’s most prominent VCs.
Featured image courtesy of CNET
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
