In short: Microsoft has reportedly signed a deal with CoreWeave, a former Ethereum miner and leading provider of cloud computing infrastructure, to integrate AI and cryptocurrency. Though the financials have not been disclosed, sources suggest Microsoft has agreed to spend "potentially billions of dollars over multiple years," as part of its ongoing commitment to investing in tech and AI. This follows a previous $10 billion investment in OpenAI, from which the CEO has launched a new cryptocurrency project backed by prominent VCs.
Our quick analysis:
The tech world never fails to surprise us, and the latest development in the cryptocurrency industry is no exception. In a move that blurs the line between digital currencies and artificial intelligence, Microsoft has reportedly signed a deal with the former Ethereum miner, CoreWeave.
CoreWeave, a rapidly growing provider of cloud computing infrastructure, has already achieved a valuation of $2 billion. And now, with Microsoft potentially spending billions of dollars over multiple years, the sky's the limit for this partnership.
But that's not all - Microsoft's investment in OpenAI earlier this year has also paved the way for their CEO, Sam Altman, to venture into the world of cryptocurrency with a project called Worldcoin. Backed by some of the biggest names in the crypto industry, this project involves cutting-edge retina scans and has attracted funding of a staggering $115 million.
It's clear that the tech giants are taking the convergence of cryptocurrency and AI seriously, and we can't wait to see what other unexpected collaborations emerge in the future. In the meantime, we'll be keeping a close eye on CoreWeave and Microsoft's partnership - who knows where it could lead?
Image source: CNET
This post originally appeared on CryptoPotato.
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
Our quick analysis:
The tech world never fails to surprise us, and the latest development in the cryptocurrency industry is no exception. In a move that blurs the line between digital currencies and artificial intelligence, Microsoft has reportedly signed a deal with the former Ethereum miner, CoreWeave.
CoreWeave, a rapidly growing provider of cloud computing infrastructure, has already achieved a valuation of $2 billion. And now, with Microsoft potentially spending billions of dollars over multiple years, the sky's the limit for this partnership.
But that's not all - Microsoft's investment in OpenAI earlier this year has also paved the way for their CEO, Sam Altman, to venture into the world of cryptocurrency with a project called Worldcoin. Backed by some of the biggest names in the crypto industry, this project involves cutting-edge retina scans and has attracted funding of a staggering $115 million.
It's clear that the tech giants are taking the convergence of cryptocurrency and AI seriously, and we can't wait to see what other unexpected collaborations emerge in the future. In the meantime, we'll be keeping a close eye on CoreWeave and Microsoft's partnership - who knows where it could lead?
Image source: CNET
This post originally appeared on CryptoPotato.
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
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