Microsoft is winding down Oracle deal to rent AI cloud capacity: Bloomberg

Microsoft is winding down an arrangement to rent AI computing from Oracle as part of a larger reassessment of billions of dollars in cloud partnerships, Bloomberg News reported on Friday, citing people familiar with the matter.

Oracle shares were down nearly 3% in afternoon trading, while Microsoft was little changed.

Microsoft has been turning off rented computing capacity from Oracle in recent months after declining to renew the contract, according to the report.