On January 29, 2024, Microsoft Entered Into Five-Year Cloud Services And Marketing Agreement With Remark Holdings

On January 29, 2024, Microsoft Entered Into Five-Year Cloud Services And Marketing Agreement With Remark Holdings - Filing

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Remark Media, Inc.

MARK

Microsoft Corporation

MSFT

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+0.37%

During the agreement period, Remark AI business unit and its customers will consume $80 million of Microsoft Azure cloud services and Microsoft, to aid Remark AI in integrating new customers with Azure and driving use of Azure Services, will co-market Remark AI’s solutions on the Microsoft Azure Marketplace and provide Remark AI with $2 million of Azure cloud services credits and approximately $0.7 million of consulting and migration credits.

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