Microsoft has withdrawn from some agreements with CoreWeave, aiming to increase its value to $35 billion. It has been reported that Microsoft has taken steps to reduce its obligations towards the cloud system provider CoreWeave, citing that it failed to fulfill some responsibilities on time. This decision dealt a major blow to CoreWeave, which is planning to go public next month. CoreWeave, which filed for an IPO this week, was aiming to raise its valuation from $4 billion to over $35 billion. According to the Financial Times, Microsoft withdrew from some agreements due to delivery issues and missed deadlines. Microsoft was supposed to spend over $10 billion on CoreWeave services within the scope of five contracts until 2030, representing 62% of the cloud system provider’s revenue. CoreWeave provides Microsoft with computing capacity from data centers that the tech giant uses to scale its artificial intelligence models. On the other hand, Nvidia holds more than 5% of CoreWeave.