Microsoft has reportedly withdrawn from specific agreements with CoreWeave, due to delivery problems and missed deadlines, while maintaining other contracts for AI computing services worth billions. CoreWeave is pivotal in the AI sector, offering powerful GPUs and preparing for a major IPO exceeding $35 billion. Meanwhile, CoreWeave recently acquired Weights & Biases, a developer platform that enhances AI model development, marking its intent to expand capabilities and services within the competitive cloud landscape.
Microsoft has withdrawn from some of its agreements with cloud provider CoreWeave due to delivery issues and missed deadlines, according to anonymous sources from the Financial Times.
CoreWeave's partnership with Microsoft is worth billions, focusing on providing powerful computing for AI workloads, primarily leveraging Nvidia's technology.
CoreWeave has laid foundations for a significant IPO, targeting a valuation exceeding $35 billion while seeking to raise over $3 billion.
Recently, CoreWeave acquired Weights & Biases, which accelerates AI model development and provides tools for managing datasets and resolving technical issues.
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