Microsoft backs away from some CoreWeave commitments, FT reports

Microsoft (MSFT) has moved away from some of its agreements with cloud computing provider CoreWeave (CRWV) over delivery issues and missed deadlines,The Financial Times’ Tabby Kinder, Stephen Morris, Rafe Uddin, and Antoine Gara report, citing unnamed sources. Microsoft has a number of ongoing contracts with CoreWeave that provide it with computing capacity from data centers, a partnership which is worth billions of dollars, the newspaper said. Microsoft’s decision to walk away from some business with the cloud technology provider is unrelated to a broader shift in its own data center plans, FT said, citing one of the people close to the matter.