Microsoft taps Nebius to supply up to $20bn of AI computing power
Big Tech group inks 5-year deal to help power its artificial intelligence ambitions
Related reading
Big tech’s big gamble
How much AI is the market willing to finance?
Investors glimpse pay-off for Big Tech’s mammoth spending on AI arms race
Earnings reports of major players show how artificial intelligence services are boosting revenues
Microsoft profits soar almost 25% on boom in cloud computing
US tech giant’s valuation set to pass $4tn as investors embrace plans to spend $120bn on artificial intelligence next year
The moneymen funding Big Tech’s AI dreams
Plus, the blockbuster IPOs putting bankers under the microscope
Big Tech’s AI spend is still a shot in the dark
Stellar results from Alphabet, Microsoft and Meta cannot yet be attributed to the technology’s usefulness
Big Tech’s $725bn AI spending spree sends free cash flow to a decade low
Silicon Valley giants have transformed from asset-light cash machines to huge infrastructure investors