- Microsoft withdrew a $ 12 billion case with Coreweave, citing delays
- Openai took over the contract, supported by Microsoft’s own investment funds
- The AI sector remains a closed loop caused by some dominant players
Coreweave is considering a huge IPO (potentially $ 2.5 billion) in the coming weeks, but he also had some inexpensive news to face recently.
Jeffrey Emanuel, whose viral test described Nvidia as too expensive and led him to lose $ 600 billion in a single day, said Coreweave as a Turkey and described it as “AI WEWORK”.
More recently, Microsoft has chosen to move away from an option of almost $ 12 billion to buy more data center capacity from AI hyperscaller.
Rescue
THE Financial time (FT) reported familiar sources with the question saying that Microsoft had withdrawn from some of its agreements “on delivery problems and missed deadlines” that rocked the confidence of the technology giant in Coreweave.
THE FT Added that despite this, Microsoft had “a certain number of contracts in progress with Coreweave and he remained an important partner”.
Microsoft is the biggest customer in Coreweave, and the hyperscaler of the AI refuted the FTHistory, saying: “All our contractual relations continue as planned – nothing has been canceled, and no one has moved away from their commitments.”
Shortly after the news announced, it has been reported that Optai would take the option of almost $ 12 billion in Microsoft, helping Coreweave to avoid a potentially embarrassing backfire so close to its closely viewed setback.
Rohan Goswami in Semaor has made some interesting observations on the news, noting: “This is not a sign that Microsoft is backing up on the AI -” We are good for our $ 80 billion, “said Satya Nadella on CNBC – but an indication that the company is more tactical on exactly when and where it spends. Microsoft in large part to start.”
He described this as friction, saying: “The EA economy is currently a closed loop and will thus remain until a bunch of broader economic players such as large and medium -sized enterprises will start to spend real dollars for AI software and services.
