Microsoft Signs $9.7 Billion Cloud Deal With IREN
Digest more
Shares of Microsoft have slowed their momentum recently, rising only 5% in the last three months. But T. Rowe Price portfolio manager David Giroux believes Microsoft has one of the best risk-reward balances out of the "Magnificent Seven" names.
People Inc., one of the largest media publishers in the U.S., has signed an AI licensing deal with Microsoft. The media giant (formerly known as Dotdash Meredith) made the announcement Tuesday as a part of parent company IAC’s third-quarter earnings.
Microsoft spent over $7 billion in the UAE between 2023 and 2025, and it will do so again between 2026 and 2029.
Windows has released its latest update for Windows 11, and it finally fixes a problem that has been plaguing Windows users for the better part of a decade.
By the end of 2024, Microsoft will have already spent $7.3 billion in the UAE, including a $1.5 billion equity stake in G42 and over $4.6 billion on AI and cloud data centers. A further $7.9 billion will be spent between 2026 and 2029, much of it directed toward expanding advanced cloud capacity and AI compute power.
Microsoft ( MSFT) said on Monday that it will invest $15.2B in the United Arab Emirates from the years 2023 through 2029 as part of its efforts to grow its business in the region. The tech giant also said it received an export license to send advanced artificial intelligence GPUs to the country, including those from Nvidia ( NVDA ).
In 2023, Microsoft partnered with an Abu Dhabi-based company called Group42 to grow its UAE data center presence. The tech giant disclosed today that it will have invested more than $7.3 billion in the partnership by the end of the year. Over half the sum was allocated to capital expenditures, a line item that includes data center infrastructure.
After a generation of record growth, Seattle's tech employers have not only pulled back on hiring but shifted billions into AI that could cut hiring even further.
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.