According to Bloomberg, Microsoft did not renew its artificial intelligence computing resource rental contract with Oracle on November 6, with the company phasing out the services over recent months. Bloomberg's sources cited that Oracle's infrastructure relies on older-generation NVIDIA chips, which no longer meet Microsoft's evolving AI computational demands.

Microsoft and Oracle first announced their multi-year cloud collaboration in 2023, with Microsoft leasing Oracle Cloud Infrastructure to support AI-powered features for Bing search. Oracle's stock price fell over 5% intraday to $109.21 on the news, before closing up 0.82% at $116.10.

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