Microsoft has withdrawn from some agreements with CoreWeave, aiming to increase its value to 35 billion dollars. It was reported that Microsoft reduced its obligations towards cloud system provider CoreWeave due to not fulfilling some responsibilities on time. This decision dealt a major blow to CoreWeave, which is planning a public offering next month. CoreWeave, which submitted its IPO application this week, was expecting to raise its valuation above 35 billion dollars with a 4 billion dollar target. According to the Financial Times, Microsoft withdrew from some agreements due to delivery problems 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 its artificial intelligence models. Meanwhile, Nvidia holds more than 5% of CoreWeave’s shares.