Microsoft Tightens Oversight of Neocloud Projects
Microsoft is increasing oversight of data center projects from neocloud providers like Nebius and IREN. The tech giant is stepping away from risky ventures to focus on expanding its own infrastructure.
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Microsoft has tightened oversight of data center projects with neocloud providers, pulling back from riskier deals and weighing future agreements. Shares of neocloud firms fell on the news, with Nebius Group and IREN dropping 14% and 17%, respectively. The shift highlights a strategic pivot toward proprietary infrastructure over third-party partnerships.
