Microsoft walks away from some CoreWeave commitments ahead of $35bn IPO
AI data centre provider hit by blow from biggest customer ahead of the biggest tech listing this year
Read more at Financial Times
Topics
-
Data centre operator CoreWeave lays groundwork for IPO
Executives have met with investors this week to test waters on an offering that could value the company at $35bnFinancial Times - 6d -
AI cloud provider CoreWeave files for IPO
CoreWeave, which counts on Microsoft for close to two-thirds of its revenue, is headed for the public market.CNBC - 2d -
Murkowski rebukes Trump over Ukraine: ‘Walking away from our allies’
The Alaska senator’s statement was a rare note of dissent from a Republican.Politico - 4d -
Jeffries accuses Republicans of walking away from government funding talks
House Minority Leader Hakeem Jeffries (D-N.Y.) late Sunday accused Republicans of walking away from government funding talks ahead of a looming shutdown deadline. “The top Democrat on the ...The Hill - 2d -
Trump’s Tariffs Are Causing Some Startups to Scrap Their IPOs
This was expected to be a big year for IPOs, but now some companies are rethinking plans to go public.Inc. - Feb. 22 -
Zack Martin retiring: Cowboys All-Pro guard intends to walk away from NFL after 11 seasons, per report
Martin's future Hall of Fame career has come to an endCBS Sports - Feb. 20 -
Republican rips Democrat’s sign away as Trump walks in for speech to Congress
A House Republican and House Democrat got into a confrontation over a sign protesting President Trump before his speech to Congress had even begun. Rep. Melanie Stansbury (D-N.M.), who was standing ...The Hill - 1d -
Microsoft reiterates plan to invest $80 billion in AI, but may 'adjust our infrastructure in some areas'
Microsoft hasn't backed off its plan for the current fiscal year but acknowledged that it may makes some infrastructure adjustments.CNBC - Feb. 24 -
Some British firms ‘stuck in neutral’ over AI, says Microsoft UK boss
Survey of bosses and staff finds that more than half of executives feel their organisation has no official AI plan. Some companies are “stuck in neutral” in their approach to artificial ...The Guardian - 1d
More from Financial Times
-
Global bond sell-off deepens as Germany jolts markets
German borrowing costs climb as yields also rise across Eurozone and JapanFinancial Times - 59m -
EU leaders in emergency meeting on region’s defence and Ukraine crisis
Europe’s backing for Kyiv faces resistance from Orbán as Trump turns US-European relations on their headFinancial Times - 21m -
How much does Brookfield really make?
One of the world’s most complex financial conglomerates is attracting scrutiny for circular flows of cash involving its global property portfolioFinancial Times - 5h -
Germany’s ‘whatever it takes’ spending push to end years of stagnation
Europe’s largest economy could return to pre-pandemic growth trendFinancial Times - 5h -
Thames Water has to keep borrowing and carry on
The public water utility cannot avoid a debt refinancing, despite the horrifying expenseFinancial Times - 5h
More in Business
-
Shares of Starlink’s European competitor have tripled. CEO says it can do the job in Ukraine.
Talks with European leaders to replace Elon Musk’s Starlink satellite services in Ukraine have “intensified” over the past two weeks, said the chief executive officer of rival Eutelsat Communications.MarketWatch - 10m -
BP CEO was awarded no bonus pay from oil giant’s financial performance
BP’s under-fire chief executive was awarded no bonus from the company’s financial performance last year as his overall pay declined, the company said Thursday in its annual report.MarketWatch - 18m -
EU leaders in emergency meeting on region’s defence and Ukraine crisis
Europe’s backing for Kyiv faces resistance from Orbán as Trump turns US-European relations on their headFinancial Times - 21m -
I’m 69 and only have $121,000 in my 401(k). How can I repair the damage of the past?
“I plan to work and contribute to a 401(k) in addition to a stock-purchasing plan for a few more years.”MarketWatch - 22m -
Barclays to pay out up to £7.5mn to customers after 3-day IT outage
Treasury select committee finds high street bank tops list for number of systems failures since January 2023Financial Times - 28m