Microsoft Sours on Neoclouds Amid Data Center Delays, Costs

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(Bloomberg) -- Microsoft Corp. helped create the "neocloud" boom, signing tens of billions of dollars in contracts with upstart data center operators in an effort to sate the crushing appetite for its cloud and AI services. Most Read from Bloomberg Morgan Stanley Offers $2.3 Billion Debt for Dell Family Deal Democrats Clinch Huge Wins on Inflation Anger, Trump Fatigue What the Democrats' Sweep of Congress Means for Trump Trump Now Has to Govern Through a Midterm Meltdown of His Own Making DeSantis Calls GOP Midterm Wipeout 'Extinction Level Event' Now, as neocloud companies grapple with delays, regulatory snags and high costs, some key Microsoft leaders have developed a case of buyer's remorse.