FILE PHOTO: Microsoft logo is seen in this illustration taken February 16, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -Microsoft has abandoned data center projects set to use 2 gigawatts of electricity in the U.S. and Europe in the last six months due to an oversupply relative to its current demand forecast, TD Cowen analysts said on Wednesday.
The tech giant's withdrawal from new capacity leasing was largely led by the decision not to support additional training workloads from ChatGPT maker OpenAI, the analysts led by Michael Elias said in a note.
