Technology

Anthropic Rents Entire 300MW, 220,000-GPU Colossus 1 Data Center From SpaceX

Anthropic signed a deal on May 6 to take over the full 300MW, 220,000-GPU capacity of SpaceX's Colossus 1 data center in Memphis. Musk owns the rival lab. He took the check anyway. Claude Code rate limits already doubled.

Technology

Qualcomm CEO Cristiano Amon Confirms AI-Wearable Chip Deals With OpenAI and Meta

Qualcomm CEO Cristiano Amon told Fortune the company is supplying chips to "pretty much all" the major AI players building post-smartphone devices, including OpenAI and Meta. The model wars get the headlines. The chip wars under them are already settled.

Technology

Cloudflare Cuts 1,100 Jobs (20% of Staff) the Same Quarter Revenue Grew 34% to $639.8M

CEO Matthew Prince tied the cuts directly to "the agentic AI era" — making Cloudflare the cleanest test case yet of whether AI-driven layoffs land while the business is growing, not shrinking.

Technology

Pentagon Rules Out Anthropic Reconciliation

Pentagon Undersecretary Emil Michael told the SCSP AI+ Expo on May 7 the Department of War will "never again" be single-threaded on one AI vendor — even as he praised Anthropic's Mythos as "a cyber moment" for U.S. cybersecurity.

Technology

Anthropic Hits $30B ARR in April 2026, Surpassing OpenAI's $24B for the First Time

Anthropic's enterprise-first model just closed a 30x revenue gap on OpenAI in 15 months — and projects to spend roughly a quarter as much on training to do it.

Technology

Bret Taylor's Sierra Raises $950M at $15.8B Valuation as ARR Hits $150M

Sierra is now valued at $15.8B and has more than $1B in cash. The interesting number isn't the valuation — it's the ARR curve from $100M to $150M in three months.

Technology

JPMorgan Reclassifies AI Spending as Core Infrastructure in $19.8B 2026 Budget

JPMorgan moved AI off the experimental ledger and onto core infrastructure, anchoring a $19.8B 2026 tech budget. The dollar figure isn't the news. The accounting category is. Here's what changes when a top-five US bank decides AI sits next to the payment rails.

Technology

SoftBank's Next $100 Billion Bet: A Robotics Company That Builds Data Centers

Masa Son is preparing to IPO a new venture called Roze at a $100 billion valuation. Roze's product? Robots that build the data centers that train the AI that runs the robots. The recursion is the point.

Technology

Google replaces ChromeOS with Aluminium OS in 2026

Google's new Android-based desktop OS, launching on HP, Lenovo, Acer, ASUS, and Samsung hardware later this year, is more than a ChromeOS rebrand. It's Google's first serious attempt to put a Gemini-native operating system inside a laptop you can buy at Best Buy.

Technology

Big Tech Will Spend $700 Billion on AI This Year

Combined hyperscaler capex is jumping from $410B in 2025 to nearly $700B in 2026. Meta alone is now budgeting $145B. Q1 capex across the four hyperscalers cleared $130B. The largest infrastructure buildout since the railroads has no defined finish line.

Technology

OpenAI Just Hit $25 Billion in Annualized Revenue

OpenAI is at $25B in annualized revenue with a public listing being framed at up to a $1 trillion valuation. Anthropic is at $19B and growing 10x year-over-year. The AI capital cycle has officially crossed into public-market territory.

Technology

Google launches TPU 8t for training and TPU 8i for inference

For ten years, AI accelerators have been general-purpose silicon. Google's eighth-generation TPU launch ended that. The TPU 8t is for training, the TPU 8i is for inference, and the rest of the industry now has to pick a side.