Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
Quantum Systems Projects Revenue Surge as It Eyes IPO or Private Sale 
Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative 
Tesla Expands Affordable Model 3 Lineup in Europe to Boost EV Demand 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
GM Issues Recall for 2026 Chevrolet Silverado Trucks Over Missing Owner Manuals 
Amazon and Google Launch New Multicloud Networking Service to Boost High-Speed Cloud Connectivity 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
Apple Alerts EU Regulators That Apple Ads and Maps Meet DMA Gatekeeper Thresholds 
IPO-bound AI cloud startup CoreWeave dismissed claims of contract cancellations following a Financial Times report alleging Microsoft (NASDAQ: MSFT) had pulled back from some agreements due to delivery issues. A CoreWeave spokesperson told Reuters that “there have been no contract cancellations or walking away from commitments,” calling contrary claims “false and misleading.”
The FT report suggested Microsoft dropped some CoreWeave agreements over missed deadlines but maintained ongoing contracts, keeping CoreWeave as a key partner. Microsoft declined to comment.
CoreWeave’s partnership with Microsoft is significant, with the tech giant contributing 62% of CoreWeave’s revenue in 2024, totaling $1.2 billion, according to a company filing. The startup has previously warned that any shift in Microsoft’s demand or partnership dynamics could negatively impact its business.
Founded in 2017, CoreWeave specializes in AI cloud computing, offering high-powered chips and data center access, competing with Microsoft Azure and Amazon AWS. Backed by Nvidia, the company is preparing for a New York IPO at a valuation exceeding $35 billion. Reports indicate CoreWeave could raise over $3 billion from the listing, making it one of the largest public offerings in recent years.
As AI-driven cloud computing demand surges, CoreWeave’s positioning in the market remains crucial. The startup’s strong ties with Microsoft and ambitious IPO plans highlight its growing presence in the competitive AI cloud space.
