- Aug 26, 26: AI’s expensive memory problem: Memory now accounts for a much larger share of the cost of Nvidia’s newest AI systems. According to Morgan Stanley estimates, it could cost roughly $2 million in a $7.8 million Vera Rubin rack, or about a quarter of the total.
- Aug 26, 26: OpenAI’s homegrown chip takes aim at Nvidia: OpenAI said its new Jalapeno chips outperformed Nvidia’s current lineup in testing, marking a significant milestone in the company’s push to develop AI processors in-house. The tests measured how much AI work the chips could handle per unit of power, as well as how quickly they returned responses, suggesting OpenAI is stepping up its challenge to Nvidia as it builds more of its own computing infrastructure.
- July 7, 26: Anthropic signed a 20-year lease for a major data center in Kentucky owned by the crypto mining company turned artificial intelligence compute play TeraWulf (WULF).
The deal is worth an estimated $19 billion in revenue, according to TeraWulf. Anthropic will lease up to 401 megawatts of compute from Terwulf's data center in Hawesville, Kentucky, located about 75 miles southwest of Louisville.
Anthropic had recently signed a similar deal with SpaceX (SPCX) to lease compute from its Colossus data center in Tennessee. The AI lab is also rumored to be in talks with the energy-efficient data center operator Iren (IREN).
- July 7, 26: TeraWulf (WULF) announced it would be selling its 50.1% stake in an upcoming data center project in Abernathy, Texas to an investor group led by its partner in the venture, Fluidstack, for $450 million. Originally established in 2025, the Abernathy facility is plans to develop a 168 megawatt AI data center.
- July 2, 26: Anthropic's valuation reaches $380B after raising more cash. The maker of the Claude family of artificial intelligence models raised $30B in a Series G funding round at a $380B valuation.
The round was co-led by D. E. Shaw Ventures, Dragoneer, Founders Fund, ICONIQ, and MGX, Anthropic said in a statement. It also includes several asset managers, hedge funds, and venture capital firms, as well as some of the previous money that came from Microsoft (MSFT) and Nvidia (NVDA).
- June 15, 26: According to various reports, Amazon CEO Andy Jassy raised concerns with senior Trump administration officials about possible security risks in Anthropic’s most advanced AI models. The discussions reportedly helped lead to a U.S. government order restricting foreign access to Anthropic’s Fable 5 and Mythos 5 models.
Anthropic said in response that it disabled both models for all users globally to comply with the order. The company said the directive applied to “any foreign national,” including foreign nationals inside the U.S. and foreign-born Anthropic employees.
Amazon’s involvement makes the story more complicated. The company is a major Anthropic investor, a key cloud partner, and a distributor of Anthropic models through AWS. Amazon did not confirm the details of its talks with government officials but said it is common for governments to seek its view on security risks.
- May 28, 26: Dell Technologies (DELL): Dell’s servers designed to run AI workloads are attracting customers from companies that rent computing power like CoreWeave Inc. and Nscale Global Holdings Ltd., as well as corporate clients and major AI providers. The company booked $24.4 billion in AI orders and generated $16.1 billion in AI server sales in the quarter ended May 1, Chief Operating Officer Jeff Clarke said in the statement. “The AI opportunity shows no signs of slowing.”
- Oct 5, 24: Masayoshi Son, an artificial intelligence evangelist, thinks the technology will soon run households. AI darling Nvidia expanded a partnership with technology consultant Accenture as part of an effort to drive adoption of AI within businesses. OpenAI, for its part, completed a deal to raise $6.6 billion in new funding, making the firm one of the three largest venture-backed startups, alongside SpaceX and TikTok owner ByteDance.
- Sep 25, 23: Amazon to invest up to $4 billion in Anthropic, a rival to ChatGPT developer OpenAI.
The two firms said that they are forming a strategic collaboration to advance generative AI, with the startup selecting Amazon Web Services as its primary cloud provider. Anthropic will also use custom AWS-designed semiconductors to train the foundational models that underpin its AI applications.
Anthropic was founded roughly two years ago by former OpenAI research executives and recently debuted its new AI chatbot called Claude 2. Anthropic already counts some high-profile backers, including Google and Salesforce Ventures.
June 1, 26: Softbank’s billion-dollar data center investment in France: The company’s largest AI infrastructure investment in Europe involves building 3.1 GW of AI data centers in the northern Hauts-de-France region by 2031, including in Dunkirk, Bosquel and Bouchain. The Japanese investment giant is partnering with French engineering company Schneider Electric to establish a large-scale industrial production hub in Dunkirk as part of the broader buildout.
