Microsoft, IREN
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10hon MSN
Why Iren Stock Surged Today
Iren will supply Microsoft with access to Nvidia 's cutting-edge GB300 graphic processing units ( GPUs) as part of a five-year cloud computing agreement. Iren intends to purchase the highly sought-after AI accelerators and related equipment from Dell Technologies for roughly $5.8 billion.
Microsoft has secured a $9.7 billion cloud services agreement with Australian AI infrastructure provider IREN, gaining access to Nvidia chips to meet
Microsoft announced Monday that it has export licenses to ship Nvidia chips to the United Arab Emirates to help boost its artificial intelligence goals.