Artificial intelligence startup Lambda and Microsoft (MSFT) announced a multi-billion dollar agreement on Monday that will see the two companies work together. Read for more.

Microsoft has deep corporate ties and has entrenched itself as a key partner for OpenAI. These two tech juggernauts could dominate an AI market that will potentially be worth trillions of dollars in the not-too-distant future. Artificial intelligence (AI) is coming in a big way.

As AI spending grows, so will the need for semiconductor capacity from TSMC. This should enable it to keep increasing revenue rapidly -- 41% year over year last quarter -- and perhaps eclipse $200 billion in sales in 2027. With a 50% operating margin, that would equate to $100 billion in bottom-line operating earnings.

IREN said it will fund the capital expenditures associated with the deal through a combination of existing cash, customer prepayments, operating cashflows and additional financing

The vision was outlined in an internal memo. Microsoft unveils major overhaul for one of its most widely used products: 'A partner that acts' first appeared on The Cool Down.

Microsoft CEO Satya Nadella talked up the “fungibility” of its technology in response to concerns about an AI overbuild.

Microsoft's spending on artificial intelligence infrastructure soared to a record of nearly $35 billion in the September quarter, deepening investor

Fears that artificial intelligence investments have been overhyped sent the tech-heavy Nasdaq down 1.2% by approximately 2:45 p.m. ET.