Microsoft has entered into a $9.7 billion cloud services contract with artificial intelligence cloud service provider IREN ...

Microsoft's announcement Monday was part of its planned $15.2 billion investment in technology in the UAE, which it says has some of the highest per-capita usage of AI.

The five-year deal, valued at roughly $9.7 billion, includes a 20% prepayment and marks a significant step in IREN’s ...

By the end of 2024, Microsoft will have already spent $7.3 billion in the UAE, including a $1.5 billion equity stake in G42 and over $4.6 billion on AI and cloud data centers. A further $7.9 billion ...

IREN stock soared on Monday after announcing a nearly $10 billion deal with Microsoft to provide access to Nvidia chips.

Microsoft announced Monday that it has export licenses to ship Nvidia chips to the United Arab Emirates to help boost its ...

In 2023, Microsoft partnered with an Abu Dhabi-based company called Group42 to grow its UAE data center presence. The tech ...

Shares of IREN Ltd. (NASDAQ: IREN) jumped sharply on Monday after the company announced a landmark five-year, $9.7 billion contract with Microsoft Corp. to deliver advanced AI cloud infrastructure ...

Microsoft will invest over $15 billion in UAE AI data centers through 2029 after securing chip export licenses.

Microsoft has signed a $9.7 billion deal with data center operator and former Bitcoin miner IREN, sending both firms' stock ...