{"id":116684,"date":"2025-11-04T02:38:11","date_gmt":"2025-11-04T02:38:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/116684\/"},"modified":"2025-11-04T02:38:11","modified_gmt":"2025-11-04T02:38:11","slug":"microsofts-deal-with-iren-nets-the-ai-cloud-firms-co-founders-will-roberts-and-daniel-roberts-millions","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/116684\/","title":{"rendered":"Microsoft\u2019s deal with Iren nets the AI cloud firm\u2019s co-founders Will Roberts and Daniel Roberts millions"},"content":{"rendered":"<p>Iren, the tech infrastructure provider founded by two former Macquarie banker brothers to mine bitcoin in 2018, had already made a lucrative pivot to chase the AI gold rush before last night, but a near-$15 billion deal with Microsoft marks it as a major player in the global neo-cloud boom.<\/p>\n<p>The numbers involved in the deal show how huge the market has become for providing the equipment to train and run artificial intelligence systems, and if analysts\u2019 projections are right, there are huge fortunes still to be made.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Iren, the tech infrastructure provider founded by two former Macquarie banker brothers to mine bitcoin in 2018, had&hellip;\n","protected":false},"author":2,"featured_media":116685,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,363,364,111,139,69,145],"class_list":["post-116684","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-new-zealand","tag-newzealand","tag-nz","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/116684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=116684"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/116684\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/116685"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=116684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=116684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=116684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}