Microsoft passes on $12 billion worth of CoreWeave data center capacity — but OpenAI snatches it up
In a possible sign of slackening demand for endless AI computing infrastructure, Semafor is reporting that Microsoft passed on an option to buy $12 billion worth of CoreWeave’s AI data center capacity. Earlier this month, it was reported that it had reduced its commitment with CoreWeave.
Analysts have noted that Microsoft has recently terminated at least two data center leases, though the company says it’s still committed to spending $80 billion in capex for AI infrastructure.
But Microsoft partner OpenAI was interested and quickly snapped up the capacity, and also invested in the startup. CoreWeave recently filed for an IPO, in which it disclosed that Microsoft made up 62% of its business, and despite almost $2 billion in revenue in 2024, lost $863.4 million for the year.
Analysts have noted that Microsoft has recently terminated at least two data center leases, though the company says it’s still committed to spending $80 billion in capex for AI infrastructure.
But Microsoft partner OpenAI was interested and quickly snapped up the capacity, and also invested in the startup. CoreWeave recently filed for an IPO, in which it disclosed that Microsoft made up 62% of its business, and despite almost $2 billion in revenue in 2024, lost $863.4 million for the year.
