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It's better offline. I'm your host Ed Zittron.

Better Offline.

Now I've talked about the pale horses of the AI apocalypse in the past, and these are the events that signify that the generative AI era is coming to an end.

And the subject of this episode and its second part, well, I believe, represents the biggest, paylist horses of the entire flock.

So on February 21st, analyst T.D. Cohen revealed that Microsoft had cancelled leases, and I quote, totaling a couple hundred

megawatts with at least two private data center operators across multiple U.S. markets canceled.

The report also detailed how Microsoft pulled back on converting negotiated and signed statements

of qualifications, SQQs, which it added was precursors to a data center lease, so effectively the first step before you

really agree to something, well, the last step, I guess. Although the analyst, which is part of the

TD Bank company, added it was unclear whether Microsoft might convert these SQQs in the future,

these generally closed, close to 100% of the time according to them. Cancelling these was effectively rather unusual.

Now, T.D. Cohen also added that Microsoft was reallocating a considerable portion of its projected

international spend to the US, which suggests to D.D. Cohen that there was a material

...