MICROSOFT SIGNS $9.7 BILLION CLOUD DEAL WITH IREN AS AI DEMAND SWELLS

Summary from the TLDR AI newsletter

Microsoft inked a $9.7 billion deal with data-center operator IREN to access Nvidia's advanced chips, addressing a computing crunch amid increasing AI demand. This five-year partnership allows Microsoft to boost capacity without constructing new facilities or securing additional power. IREN's phased deployment, supported by Microsoft's prepayment, will run through 2026.