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Anthropic to pay SpaceX $1.25 billion monthly for compute power in $15 billion annual deal

Anthropic will pay SpaceX $1.25 billion per month through May 2029 for access to compute power at Colossus data centers, totaling over $40 billion. The deal emerged from SpaceX's IPO filing and highlights how compute capacity has become a critical bottleneck in AI development. Meanwhile, Anthropic approaches its first quarterly profit with revenue expected to exceed $10 billion.

Business12 sources

Anthropic to pay SpaceX $1.25 billion monthly for compute power in $15 billion annual deal

Business12 sources

Intel CEO bets on agentic AI and foundry revival as chipmaker eyes 10A and 7A process nodes

Intel CEO Lip-Bu Tan is transforming the chipmaker after bankruptcy fears initially scared away top recruits. The company has slashed management layers from 12 to five, secured billions in backing, and is now betting on agentic AI and inference workloads to drive recovery. With 18A yields improving 7% monthly and 14A ahead of schedule, Intel is already mapping out its 10A and 7A roadmap.

Business2 sources

Intel CEO bets on agentic AI and foundry revival as chipmaker eyes 10A and 7A process nodes

Business2 sources

Exa raises $250M at $2.2B valuation to build search engine for AI agents, not humans

Exa has raised $250 million in Series C funding led by Andreessen Horowitz at a $2.2 billion valuation. The startup builds AI-powered search infrastructure specifically optimized for AI agents rather than human users, serving over 400,000 developers and 5,000 companies including Cursor, Cognition, and HubSpot.

Startups3 sources

Exa raises $250M at $2.2B valuation to build search engine for AI agents, not humans

Startups3 sources

French consortium bids $10bn for EU AI gigafactory as Europe races to close gap with US and China

A French consortium led by Scaleway has submitted a $10 billion bid to build one of the EU's planned AI gigafactories, proposing a 200-megawatt facility with GPU clusters equivalent to over 288,000 Nvidia H100s. The AION consortium brings together major French tech players including Iliad, Hugging Face, and Mistral-adjacent partners, positioning France as a single-country bidder against multi-state proposals from Spain, Germany, and the Netherlands under the EU's €20 billion InvestAI Facility.

Technology3 sources

French consortium bids $10bn for EU AI gigafactory as Europe races to close gap with US and China

Technology3 sources

AMD prices Ryzen AI Halo at $3,999 with June preorders, challenges Nvidia's DGX Spark dominance

AMD unveiled pricing for its Ryzen AI Halo developer platform at $3,999, undercutting Nvidia's DGX Spark by $700. The compact AI workstation features 128GB of unified memory and supports both Windows and Linux, targeting developers seeking cost-effective alternatives to cloud-based AI solutions. Preorders begin in June 2026.

Technology15 sources

AMD prices Ryzen AI Halo at $3,999 with June preorders, challenges Nvidia's DGX Spark dominance

Technology15 sources

OpenAI Barrels Toward IPO That Could Value Company at $1 Trillion by September

OpenAI is preparing to file confidentially for an initial public offering within days or weeks, with CEO Sam Altman targeting a September public debut. Working with Goldman Sachs and Morgan Stanley, the ChatGPT creator's move comes just days after defeating Elon Musk's lawsuit and could trigger a Wall Street race among AI companies including SpaceX and Anthropic.

Business7 sources

OpenAI Barrels Toward IPO That Could Value Company at $1 Trillion by September

Business7 sources

Acceldata launches autonomous platform as AI breaks cloud centralization model

Acceldata has launched its Autonomous Data & AI Platform, marking what CEO Rohit Choudhary calls the end of the data lakehouse era. Built on xLake architecture, the platform addresses a critical shift: AI agents need to operate on distributed data across multiple environments, not wait for centralized migration. Research shows 80% of Fortune 1000 enterprises already operate hybrid data architectures, with 75% managing four or more data platforms in production.

Technology2 sources

Acceldata launches autonomous platform as AI breaks cloud centralization model

Technology2 sources

OpenAI launches Guaranteed Capacity offering to secure AI computing power amid infrastructure crunch

OpenAI introduced Guaranteed Capacity, a new program requiring annual spending commitments to ensure customers get consistent access to AI computing resources. With capacity constraints expected to persist as AI models improve, the offering promises one to three-year commitments with scaling discounts. Critics argue it repackages standard cloud practices without enforceable service level agreements.

Business3 sources

OpenAI launches Guaranteed Capacity offering to secure AI computing power amid infrastructure crunch

Business3 sources

Intel Crescent Island leaked PCB reveals massive Xe3P GPU with 160GB LPDDR5X to dodge HBM crisis

Leaked images of Intel's Crescent Island AI GPU show a massive Xe3P chip paired with 160GB of LPDDR5X memory instead of HBM. The data-center GPU targets AI inference workloads and air-cooled servers, with Intel planning customer sampling in the second half of 2026 as it pursues a cost-effective alternative amid global memory shortages.

Technology3 sources

Intel Crescent Island leaked PCB reveals massive Xe3P GPU with 160GB LPDDR5X to dodge HBM crisis

Technology3 sources

Bitcoin Miners Control 27 GW Power Capacity, Emerge as Key Players in AI Infrastructure Race

Bitcoin miners are becoming critical players in the AI infrastructure race, controlling over 27 gigawatts of planned power capacity across the United States. Investment bank Bernstein reports the industry has secured more than $90 billion in AI-related contracts as access to electricity becomes the primary bottleneck for scaling AI data centers, with grid connections taking over four years to secure.

Business2 sources

Bitcoin Miners Control 27 GW Power Capacity, Emerge as Key Players in AI Infrastructure Race

Business2 sources

Google AI Ultra plan drops to $100 as Gemini introduces compute-based usage limits and Spark

Google unveiled major changes to its AI subscription tiers at I/O 2026, cutting the AI Ultra plan price from $250 to $100 monthly while introducing a new $200 tier. The company is shifting from daily prompt limits to compute-based usage limits that factor in complexity, and rolling out Gemini Spark, an AI assistant designed to handle tasks across apps and the web autonomously.

Technology10 sources

Google AI Ultra plan drops to $100 as Gemini introduces compute-based usage limits and Spark

Technology10 sources

Analog Devices acquires Empower Semiconductor for $1.5B, forecasts strong revenue amid AI boom

Analog Devices announced a $1.5 billion acquisition of Empower Semiconductor to expand its AI-focused power management portfolio. The chipmaker also forecast third-quarter revenue of $3.9 billion, well above Wall Street estimates, driven by surging demand for power management semiconductors and sensor components across AI data centers and automotive systems.

Business8 sources

Analog Devices acquires Empower Semiconductor for $1.5B, forecasts strong revenue amid AI boom

Business8 sources

Google and Blackstone form $5 billion AI cloud venture to meet surging demand for specialized chips

Google and Blackstone announced a new AI cloud company backed by $5 billion in equity from the investment giant. The venture will provide compute-as-a-service using Google's Tensor Processing Units, with Blackstone holding a majority stake. Benjamin Treynor Sloss, a 22-year Google veteran, will lead the unnamed company as it brings 500MW of capacity online by 2027.

Technology12 sources

Google and Blackstone form $5 billion AI cloud venture to meet surging demand for specialized chips

Technology12 sources

Seagate shares drop 8% as CEO warns new factories would take too long to meet AI chip demand

Seagate led a memory stock sell-off with shares falling over 8% after CEO Dave Mosley revealed the company can't quickly scale production to meet AI-driven demand. His comments at a JPMorgan conference highlighted the semiconductor industry's struggle with long lead times, as building new factories would slow technological growth while demand continues to significantly outstrip current capabilities.

Business2 sources

Seagate shares drop 8% as CEO warns new factories would take too long to meet AI chip demand

Business2 sources

Meta cuts 8,000 jobs while forcing 7,000 employees into new AI roles to fund massive investments

Meta is executing one of its most dramatic workforce restructuring efforts, laying off 8,000 employees while forcibly reassigning 7,000 others to AI-focused teams. The cuts come as CEO Mark Zuckerberg redirects resources toward AI data centers and Meta Superintelligence Labs, with capital expenditures projected to reach $135 billion this year. Employees are scrambling to use benefits before Wednesday's cuts, while morale plummets amid mandatory transfers and surveillance software rollouts.

Business38 sources

Meta cuts 8,000 jobs while forcing 7,000 employees into new AI roles to fund massive investments

Business38 sources

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