The cryptocurrency industry continues to mingle with the artificial intelligence industry in what is being reported as a new deal between tech heavyweight Microsoft and former Ethereum miner CoreWeave.
- According According to recent CNBC coverage, Microsoft has signed a deal with former Ethereum miner CoreWeave.
- It is worth noting that CoreWeave has increased its use of Ethereum mining cloud computing infrastructure and is currently one of the rapidly developing providers.
- It recently hit a valuation of $2 billion.
- The finances of the deal with Microsoft have not been disclosed, but according to sources familiar with the matter and quoted by CNBC, the tech giant has agreed to spend “potentially billions of dollars over several years.”
- In early 2023, Microsoft will also invested a whopping $10 billion in OpenAI, the company behind the popular AI-based chatbot ChatGPT.
- Sam Altman, the CEO of OpenAI, in turn, now heads a cryptocurrency project called Worldcoin. He was successful in raising funding of $115 million to build the project, which involves high-precision retinal scans and is backed by crypto’s most prominent VCs.
Featured image courtesy of CNET
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