Tech

Microsoft expands AI infrastructure with CoreWeave investment

Published

11 months ago

Farwa

Microsoft is continuing to invest in cloud computing infrastructure to meet the growing demand for AI-powered services.

The company has reportedly agreed to spend billions of dollars over multiple years on startup CoreWeave, which offers simplified access to Nvidia’s powerful graphics processing units (GPUs) for running AI models. The investment comes as Microsoft aims to ensure that OpenAI, the company behind the popular ChatGPT chatbot, has sufficient computing power.

OpenAI relies on Microsoft’s Azure cloud infrastructure to meet its computational needs.

CoreWeave recently raised $200 million in funding, following a valuation of $2 billion. The company provides access to Nvidia GPUs, which are highly regarded for AI applications. Microsoft’s deal with CoreWeave enables the tech giant to tap into additional GPU resources to meet the increasing demand for AI infrastructure.

CoreWeave’s CEO, Michael Intrator, revealed that the company’s revenue has multiplied significantly from 2022 to 2023, indicating a surge in demand for its services.

The partnership between Microsoft and CoreWeave underscores the intensified competition in the generative AI space. After OpenAI introduced ChatGPT, which demonstrated the ability of AI to generate sophisticated responses, many companies, including Google, have rushed to incorporate generative AI into their products. Microsoft has also been actively deploying chatbots for its own services, such as Bing and Windows.

Nvidia, whose GPUs are used extensively for AI and large language models, has seen its stock price surge by 170% this year. The company’s market capitalisation recently exceeded $1 trillion. Nvidia’s growth is expected to be fueled by data centers, driven by the increasing demand for generative AI and large language models. OpenAI’s GPT-4 model, which powers ChatGPT, is trained using Nvidia GPUs.

CoreWeave offers computing power that is claimed to be 80% less expensive than legacy cloud providers. The company provides Nvidia’s A100 GPUs, as well as the more affordable A40 GPUs, which are suitable for visual computing. Some clients have faced challenges obtaining sufficient GPU power from major cloud providers and have turned to CoreWeave for cost-effective solutions.

Microsoft’s investment in CoreWeave aligns with its ongoing efforts to expand its AI capabilities and meet the growing demand for AI-powered services.

The partnership allows Microsoft to leverage CoreWeave’s GPU resources, ensuring that OpenAI’s infrastructure can support the computational requirements of ChatGPT and other AI initiatives.

As the AI boom continues to accelerate, companies like Microsoft are actively seeking strategic investments and partnerships to stay at the forefront of this rapidly evolving field.

Latest News

Punjab will provide fifty thousand solar kits.

Published

4 weeks ago

Farwa

On Tuesday,Tuesday, while presiding over a review meeting on solar household solutions, the CM gave the order to begin the installation of one kilowatt solar systems right away. She also gave the order to introduce the newest solar systems.

Phase-I solar systems would be balloted for by 50,000 protected users who use 100 units each month, at a cost of Rs 12.6 billion.

Home-based solar systems will eventually be made available to other Punjabi consumers. A solar system will consist of a battery, inverter, sophisticated solar plate, and more related accessories.

Attending the meeting were Provincial Information Minister Azma Zahid Bukhari, MPA Sania Ashiq, Former Senator Pervaiz Rashid, Chief Secretary, Chairman Planning and Development, Secretaries of Energy, Finance, and Punjab Power Development Board (PPDB) Managing Director, in addition to other pertinent officers.

During his inaugural speech as Punjab’s chief minister, Maryam Nawaz outlined her five-year plan and promised to develop a strategy for customers who use fewer than 300 units of power.

According to Maryam Nawaz, the PML-N’s main goals for her term will be to provide jobs, healthcare, and education.

She said, “I am working on a plan to provide solar panels to consumers using up to 300 units of electricity or less in installments.”

Pakistan

There will be free WiFi in public parks.

Published

4 weeks ago

Farwa

The discussion on the province’s capital city’s beautification was chaired by Chief Minister Ali Amin Gandapur.

CM Gandapur gave the pertinent authorities instructions at the meeting to complete the arrangements and submit the free WiFi service plan for the province government’s approval.

In the following phase, he said, the service will be extended to more cities. In addition, the chief minister gave the Peshawar Development Authority instructions to create a beatification plan for the city.

The meeting voted to launch a Bus Rapid Transit (BRT) service on Nasir Bagh Road in the province capital with the goal of facilitating the easy mobility of the population.

CM Gandapur pushed for the installation of underpasses rather than overhead bridges and ordered the city’s street lights to be converted to solar power.

The chief minister gave the order to begin work on the road around the BRT Corridor at University Road as well as the building of the remaining section of Warsak-Nasir Bagh Road right away.

In order to promote KP’s culture, he also oversaw the installation of fake plants on all road walks and painted headbridges and walls with designs.

The chief minister of KP gave the order to approach business organizations for assistance in this respect.

Pakistan

FM Ishaq Dar praises IAEA for using nuclear technology in a “peaceful” manner

Published

1 month ago

Farwa

During a meeting with IAEA Director General (DG) Rafael Mariano Grossi outside the Nuclear Energy Summit in Brussels, Pakistan, a founding member of the Agency, stressed the importance of the Agency’s work.

He stated that Pakistan placed a high value on the Agency’s efforts as a founding member.

The foreign minister also emphasized Pakistan’s goal to increase the proportion of nuclear energy in the country’s energy mix and the significance of nuclear energy in the fight against climate change.

Ishaq Dar went on to stress the importance of the Agency’s technical cooperation initiatives, to which Pakistan makes a major contribution as well.

According to the foreign minister, banks and other international financial institutions should support nuclear energy projects in developing nations so that those countries may meet their energy needs and meet their zero emissions commitments.

He requested that the IAEA continue raising global understanding of the benefits of nuclear energy as a clean energy source.

The director general of the IAEA commended Pakistan for its cooperation. Rafael Mariano Grossi continued by saying that Pakistan is essential in helping emerging nations by sharing knowledge and experience.

He acknowledged that there was a problem with financing nuclear projects and promised to work with international financial institutions to find a solution as quickly as possible.

The director general of the IAEA reflected fondly on his visit to Pakistan earlier in the year, when he inspected the country’s facilities and witnessed firsthand its progress in the peaceful applications of nuclear technology.