Microsoft reportedly winds down a deal to rent AI computing from Oracle
The account rests on unnamed sources, and this edition read The Next Web's summary, not Bloomberg's article. Bloomberg could not determine the deal's full size. Microsoft declined to comment, and Oracle said demand for its AI infrastructure remains strong, including for older chips. Letting one contract lapse does not show that overall demand for computing has fallen, and the $80 billion is commitments to other providers, not money spent. Share moves on the day differ by outlet and should not be attributed to this report alone.
What was claimed?
Bloomberg reported on November 6, 2026, citing people familiar with the matter, that Microsoft is winding down a 2023 deal to rent AI computing from Oracle, according to The Next Web's account. Microsoft has been switching off the rented capacity in recent months after deciding not to renew the contract, the people said, because the servers ran older NVIDIA chips that no longer matched its needs. The deal gave Microsoft Oracle servers for its AI-powered Bing search. The report says Microsoft has committed more than $80 billion to rent capacity from other cloud firms such as CoreWeave, Nscale and Nebius, and is reassessing those contracts.
What does the evidence support?
Reported claim, not independently established
Renting capacity from other clouds has been one way the largest buyers met demand quickly. A buyer letting older-chip capacity lapse is one sign of how fast AI hardware can lose value for its users, a risk that matters for companies that borrowed to build it. This follows Bloomberg's November 5 report that Microsoft is tightening oversight of some neocloud projects.
What are the limits?
The account rests on unnamed sources, and this edition read The Next Web's summary, not Bloomberg's article. Bloomberg could not determine the deal's full size. Microsoft declined to comment, and Oracle said demand for its AI infrastructure remains strong, including for older chips. Letting one contract lapse does not show that overall demand for computing has fallen, and the $80 billion is commitments to other providers, not money spent. Share moves on the day differ by outlet and should not be attributed to this report alone.
Claim or evidence date: 2026-11-06. Last verified: .
The Next Web · Microsoft is winding down its deal to rent AI computing from Oracle ↗
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