Microsoft has withdrawn from some agreements with CoreWeave, which aims to increase its value to 35 billion dollars. It was reported that Microsoft took steps to reduce its obligations to the cloud system provider CoreWeave, citing that it failed to fulfill some responsibilities on time. This decision dealt a major blow to CoreWeave, which plans to go public next month. CoreWeave, which filed for IPO this week, expected to increase its valuation target from 4 billion dollars to over 35 billion dollars. According to the Financial Times, Microsoft withdrew from some agreements due to delivery issues and missed deadlines. Microsoft was supposed to spend more than 10 billion dollars on CoreWeave services by 2030 under five contracts. This amount represents 62% of the cloud system provider’s revenue. CoreWeave provides Microsoft with computing capacity from data centers used to scale the tech giant’s artificial intelligence models. On the other hand, Nvidia holds more than 5% of CoreWeave.