Anthropic has struck a multi-year agreement with SpaceX to exclusively use all compute capacity at xAI's Colossus 1 data center in Memphis, Tennessee, paying $1.25 billion per month through May 2029. The deal reflects Anthropic's aggressive push to secure GPU capacity at scale as demand for Claude continues to surge. It also represents an unusual cross-competitor infrastructure arrangement in the AI industry.
techcrunch.com ↗Anthropic has informed investors that it expects to generate approximately $10.9 billion in revenue during Q2 2026, more than double the $4.8 billion it recorded in Q1, and will deliver its first-ever operating profit. The company's annualized run-rate revenue has now surpassed $30 billion, up from roughly $9 billion at the end of 2025. The milestone comes as Anthropic continues rapid commercial expansion and is reportedly eyeing a 2026 IPO.
techcrunch.com ↗Microsoft and Anthropic are in negotiations for Microsoft to supply its custom Maia 200 AI chips to Anthropic, following Microsoft's recent $5 billion investment in the company. The deal would diversify Anthropic's compute supply away from Nvidia GPUs and further deepen the two companies' commercial relationship. It also signals Microsoft's ambition to establish Maia 200 as a competitive alternative in the AI infrastructure market.
cnbc.com ↗At Google I/O 2026, Sundar Pichai unveiled the company's shift to an agent-first strategy, anchored by new models Gemini 3.5 Flash and Gemini Omni and a new personal AI agent called Gemini Spark. Gemini 3.5 Flash is now the default model powering AI Mode in Google Search globally, offering frontier-level reasoning at Flash speeds. Google also launched a $100/month AI Ultra subscription tier and unified its developer platform under Antigravity, its agentic development framework.
blog.google ↗GitHub Copilot has lost its lead in the AI coding market to Cursor, Claude Code, and Google Gemini Code Assist, with a March survey of 636 software professionals finding Copilot less widely used than its rivals. A series of service outages has compounded GitHub's challenges at a critical time for developer adoption. Cursor, which recently secured a deal giving SpaceX acquisition rights at a $60 billion valuation, overtook Copilot in market share roughly a year ago and has maintained the lead.
cnbc.com ↗A new class of highly specialized AI consultants is commanding fees of up to $25,000 a day to help Wall Street banks navigate the shift toward agentic AI workflows. These trainers advise financial institutions on identifying gaps in their current AI strategies and preparing teams for autonomous AI systems. The trend reflects how enterprise AI adoption in finance has moved beyond pilot programs into firm-wide operational rewiring.
bloomberg.com ↗