Anthropic, the maker of Claude AI models, has agreed to pay Google $200 billion over the next five years for cloud services and custom chips. The agreement, reported by The Information, adds to a wave of multi‑billion‑dollar contracts that are creating a $2 trillion revenue backlog for the world’s biggest cloud providers. Industry analysts say the deal underscores the escalating cost of powering large‑scale AI models and raises questions about the long‑term sustainability of such massive spending. Read more →

Cerebras Systems announced plans to sell 28 million shares at $115 to $125 each, seeking to raise roughly $3.5 billion and achieve a market valuation of up to $26.6 billion. The AI‑chipmaker’s filing lists a roster of high‑profile investors—including OpenAI founders Sam Altman and Greg Brockman, Fidelity, and Tiger Global—many of whom stand to profit from a successful debut. A $1 billion loan from OpenAI, secured by warrants on over 33 million shares, underscores the deep ties between the two firms. If demand holds, the offering could become the largest tech IPO of 2026. Read more →