Microsoft has axed some of its leases on data centers as DeepSeek’s rapid rise casts doubt over massive US spending on artificial intelligence, according to a report. The Washington-based software giant has canceled leases in the US totaling “a couple of hundred megawatts,

Is Microsoft starting to have doubts after artificial-intelligence demand? A research note written by TD Cowen analysts say Microsoft has cancelled leases in the U.S. with at least two private data-center operators totalling a couple hundreds of megawatts and also is not converting so-called statements of qualifications into leases.