Lambda, a cloud computing firm, has announced a major deal with tech giant Microsoft ($MSFT) to build artificial intelligence infrastructure using

Microsoft Corp. has signed a roughly $9.7 billion deal to buy artificial intelligence computing capacity from IREN Ltd., becoming the Australian company’s largest customer.

IREN has signed a multi-year deal with Microsoft to use its cloud-based graphics processing services.

Artificial intelligence cloud startup Lambda said on Monday it has entered into a multi-billion-dollar agreement with Microsoft to deploy tens of thousands of AI chip leader Nvidia's graphics processors.

IREN (IREN) secured a significant AI cloud services contract with Microsoft valued at ~$9.7 billion, spanning over five years. The contract involves providing Microsoft (MSFT) access to NVIDIA GB300 GPUs over a five-year term,

Microsoft disclosed that it has commissioned billions of dollars worth of data center capacity from Lambda Labs Inc., a venture-backed cloud startup. Both projects will use Nvidia Corp.’s cutting-edge GB300 artificial intelligence chip.