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Saudi Ministry of Communications, Google Cloud Launch Training Program in AI

This photograph taken on January 18, 2024 shows a sign of US technology company Google displayed during the World Economic Forum (WEF) annual meeting in Davos. (AFP)
This photograph taken on January 18, 2024 shows a sign of US technology company Google displayed during the World Economic Forum (WEF) annual meeting in Davos. (AFP)
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Saudi Ministry of Communications, Google Cloud Launch Training Program in AI

This photograph taken on January 18, 2024 shows a sign of US technology company Google displayed during the World Economic Forum (WEF) annual meeting in Davos. (AFP)
This photograph taken on January 18, 2024 shows a sign of US technology company Google displayed during the World Economic Forum (WEF) annual meeting in Davos. (AFP)

The Saudi Ministry of Communications and Information Technology, in collaboration with Google Cloud, launched on Wednesday a specialized training program in machine language analysis and Artificial Intelligence (AI).

The initiative aims to develop Saudi cadres and enhance sectors with digital technologies.

Participants in the ten-week program will receive four weeks of initial training at Google's headquarters in Silicon Valley, providing them with the opportunity to learn from Google experts.

The subsequent six weeks consist of remote training sessions culminating in Google certifications.

The program strengthens the strategic partnership with Google Cloud, boosting their services in Saudi Arabia for secure cloud infrastructure and promoting business growth.

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AI Firm CoreWeave Denies Contract Cancellations with Microsoft

FILE PHOTO: A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, January 25, 2021. REUTERS/Carlo Allegri/File Photo
FILE PHOTO: A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, January 25, 2021. REUTERS/Carlo Allegri/File Photo
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AI Firm CoreWeave Denies Contract Cancellations with Microsoft

FILE PHOTO: A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, January 25, 2021. REUTERS/Carlo Allegri/File Photo
FILE PHOTO: A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, January 25, 2021. REUTERS/Carlo Allegri/File Photo

IPO-bound AI cloud startup CoreWeave said on Thursday it had not seen any contract cancellations after the Financial Times reported that the company's largest customer Microsoft had moved away from some agreements.

"We pride ourselves in our client partnerships and there have been no contract cancellations or walking away from commitments. Any claim to the contrary is false and misleading," a CoreWeave spokesperson told Reuters in an emailed statement.

The FT had reported, citing sources, that Microsoft withdrew from some of its agreements with CoreWeave over delivery issues and missed deadlines. However, the report also said that Microsoft retained a number of ongoing contracts with CoreWeave and it remained an important partner.

The agreement with Microsoft accounted for 62% of CoreWeave's revenue, or $1.2 billion in total, in 2024, according to a company filing.

The startup had warned that any negative changes in demand from Microsoft or a shift in company' relationship with Microsoft would adversely affect its business.

Founded in 2017, Nvidia-backed CoreWeave provides access to data centers and high-powered chips for AI workloads and competes against cloud providers such as Microsoft's Azure and Amazon's AWS.

CoreWeave has been laying the groundwork for a New York flotation at a valuation of over $35 billion, in what could be one of the biggest IPOs in recent times. It is also likely targeting to raise over $3 billion from its share sale, Reuters has previously reported.