微软斥巨资，抢10万块GPU

Core Insights - Microsoft has entered into a deal with Nebius Group NV valued at up to $19.4 billion to enhance its internal capabilities for creating large language models and consumer AI assistants [4][5] - This strategy aims to address the shortage of data center capacity for AI and allows Microsoft to free up its own server farms to provide lucrative AI services to customers [4][5] - Microsoft has signed agreements worth over $33 billion with various new cloud providers, including Nebius, CoreWeave Inc., Nscale, and Lambda, indicating a shift towards utilizing smaller infrastructure providers for critical infrastructure development [4][5] Financial Flexibility - Renting access to new cloud servers provides Microsoft with greater financial flexibility, allowing some costs to be classified as operating expenses rather than capital expenses, which can benefit cash flow and tax reporting [7] - The strategy enables Microsoft to sell more AI services while managing the tight computing capacity and investor expectations for substantial returns on technology investments [7][8] Competitive Landscape - Microsoft is experiencing a surge in demand for AI services from its products like GitHub Copilot and OpenAI, outpacing competitors such as Amazon and Google in terms of user engagement and service intensity [8] - Other cloud service providers have not announced similar partnerships with new cloud companies, highlighting Microsoft's proactive approach in the AI space [8] Infrastructure Development - Despite outsourcing some AI computing to new cloud providers, Microsoft continues to invest heavily in its own facilities, with plans for a second phase of development at a data center in Racine, Wisconsin, aimed at achieving a utility power capacity of at least 900 megawatts [8][9] - Microsoft is adjusting its infrastructure plans based on demand and regulatory considerations, indicating a dynamic approach to its operational strategy [9]