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Microsoft walks away from some CoreWeave commitments ahead of $35bn IPO (www.ft.com)

submitted 2 months ago by [email protected] to c/[email protected]

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Archive: https://archive.is/20250306050446/https://www.ft.com/content/f3d9d339-42ef-4979-bf52-89ecd699dea2

AI data centre provider hit by blow from biggest customer ahead of the biggest tech listing this year

Microsoft has walked away from some of its commitments with cloud computing provider CoreWeave in a significant blow to a company seeking to launch a blockbuster $35bn initial public offering next month.

CoreWeave provides Microsoft with computing capacity from data centres, which the tech giant uses to scale up powerful AI models such as OpenAI’s ChatGPT. The partnership is worth billions of dollars to CoreWeave.

However, Microsoft has withdrawn from some of its agreements over delivery issues and missed deadlines, according to people with knowledge of the matter.

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