Former Ethereum Miner CoreWeave Signs An AI Deal With Microsoft

Microsoft is said to have made a deal with CoreWeave, a company that used to mine Ethereum.

In what is said to be a new deal between tech giant Microsoft and CoreWeave, a company that used to mine Ethereum, the cryptocurrency and AI industries continue to mix.

CNBC said recently that Microsoft has made a deal with CoreWeave, a company that used to mine Ethereum. It’s important to note that CoreWeave has grown its use of cloud computing infrastructure from mining Ethereum and is now one of the providers with the fastest growth.

Its value was recently put at $2 billion. The financial details of the deal with Microsoft have not been made public, but CNBC cites sources familiar with the situation who say that the tech giant has decided to spend “potentially billions of dollars over multiple years.”

At the start of 2023, Microsoft also put a huge $10 billion into OpenAI, the company that makes the famous AI-powered chatbot ChatGPT. Sam Altman, who is the CEO of OpenAI, is now leading a project called Worldcoin, which is a cryptocurrency. He was able to get $115 million in funds to build the project, which is based on high-precision retina scans and is backed by some of the biggest crypto VCs.