Microsoft has signed a $9.7 billion agreement with IREN to access Nvidia's advanced chips, addressing computing shortages amid rising AI demand. This partnership allows Microsoft to enhance its computing capacity without the need for new data centers. The move follows recent earnings reports highlighting capacity constraints in the tech industry.

Microsoft has entered into $33 billion worth of agreements with various cloud companies, including Nebius and CoreWeave, to secure significant resources for its AI initiatives. Notably, the deal with Nebius ensures the acquisition of 100,000 NVIDIA GB300 chips for internal use, further strengthening Microsoft's position in the AI sector.