Microsoft is winding down Oracle deal to rent AI cloud capacity, Bloomberg News reports
Microsoft is suspending its arrangement to rent AI computing from Oracle, Bloomberg News revealed on Friday, according to sources familiar with the situation. The news outlet reported that Oracle's stock declined by nearly 3% in late trading, while Microsoft's share price remained unchanged. Sources indicated that Microsoft had been deactivating Oracle's rented computing resources in recent months after choosing not to renew the contract, as the capacity became less relevant due to Microsoft's evolving requirements. Microsoft and Oracle have not yet commented on the matter.
Written by urgent.news from Channel News Asia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Microsoft is winding down Oracle deal to rent AI cloud capacity, Bloomberg News reports channelnewsasia.com
- Sources: Nvidia is requiring Southeast Asian customers seeking Nvidia Cloud Partner status to enroll in a program that tracks the locations of their AI chips (Mackenzie Hawkins/Bloomberg) bloomberg.com
