Microsoft Won’t Renew Oracle AI Cloud Capacity Rental Deal: Report
A Bloomberg report says Microsoft is ending an agreement to rent AI computing capacity from Oracle, citing people familiar with the matter. Oracle shares fell 1.3% to $113.55 after the report.
By Kit NortonShares of Oracle were under pressure Friday following a report that said Microsoft was bringing to an end an agreement to rent artificial-intelligence computing capacity from Oracle.Oracle stock dropped 1.3% to $113.55 after the report from Bloomberg, which cited "people familiar with…