Asia Tech Wire (Nov 5) -- Microsoft will spend nearly $10 billion between 2023 and 2030 to rent servers from artificial intelligence startup CoreWeave, according to The Information.

The report notes that this amount is larger than previously known and represents more than half of CoreWeave's total $17 billion in contracts with customers.

And the latest market news says that CoreWeave, backed by Nvidia, is gearing up for an initial public offering (IPO) in 2025.