Iren Lands $14.8 Billion Microsoft Deal for AI Cloud Services
Australian Financial Review
SKIPPED
Details
- Date Published
- 2 Nov 2025
- Priority Score
- 3
- Australian
- Yes
- Created
- 3 Nov 2025, 04:27 pm
Description
Sydney-based Iren will provide Microsoft with data centres for artificial intelligence under a five-year deal that is expected to generate billions in revenue.
Summary
The deal between Microsoft and Sydney-based company Iren underscores a significant advancement in AI infrastructure with Microsoft agreeing to utilize AI cloud capacity from Iren. This agreement includes access to Nvidia accelerator systems designed for AI workloads, enhancing Microsoft’s capabilities in cloud-based AI services. While the article is largely commercial, it highlights the growing global investment in AI infrastructure, which indirectly relates to AI safety and governance as increased computing power could accelerate AI advancements. There's a global implication with potential impacts on AI safety standards and infrastructure management.
Body
WorldNorth AmericaAIPrint articleDina BassNov 3, 2025 – 10.57pmSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginMicrosoft has signed a near $US9.7 billion ($14.8 billion) deal to purchase AI cloud capacity from Iren, becoming the Australian company’s largest customer. Iren’s shares surged more than 28 per cent in pre-market trading.The five-year agreement will provide Microsoft access to Nvidia accelerator systems in Texas built using the GB300 architecture for AI workloads and includes a 20 per cent prepayment, Iren said in a statement on Monday (Tuesday AEDT).Loading...BloombergSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginFollow the topics, people and companies that matter to you.Find out moreRead MoreAIMicrosoftOpenAINvidiaCloudFetching latest articlesWe met a professional shoplifter to understand this crime’s popularityGreg Bearup and Carrie LaFrenzShaken, stirred and a little smoky: three cocktails to define summerThis restaurant is stuck in the past. That’s what makes it greatThe real key to a promotion (and it’s not working harder)Sally Patten and Iona RennieWhy the boss of this $21b company has a two-part career ruleWant to be a top performer? Work lessThe 6 things jeweller Jessica McCormack can’t live withoutJessica BeresfordThe Canadian spa retreat with cryo singalongs and naked happy hourColours and cultures collide at this extravagant Tokyo exhibitionHow brothers’ bitcoin-to-AI pivot Iren earned them $15b paydayPaul SmithOlympics gold spurs Qld contractor’s $4b revenue goalHarry Triguboff books $222m profit as rental income jumps