Microsoft-IREN deal: Tech giant inks $9.7 billion AI cloud pact for Nvidia chips; aims to bolster data centre capacity amid soaring AI demand

Microsoft has secured a $9.7 billion cloud services agreement with Australian AI infrastructure provider IREN, gaining access to Nvidia chips to meet escalating AI computing demand. This five-year deal, including a 20% prepayment, supports Microsoft's significant investments in AI and cloud infrastructure. The partnership aims to unlock new growth opportunities for both companies and their customers.