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SpaceX has reached a binding commitment for roughly $40 billion in financing for AI chips and related data center equipment, the companydisclosed in a regulatory filing Monday. SpaceX called the deal the“largest committed GPU financing”in a statement. Under the agreement, an entity managed by Apollo Global Management, the New York-based private equity giant, will buy the chips and related server hardware, then lease the equipment to SpaceX. The leases will last about five to five-and-a-quarter years, beginning when each tranche of equipment is delivered, according to the filing. SpaceX expects the deal to close by year-end, subject to closing conditions, with leases starting in the first half of 2027 as the GPUs and related equipment arrive. The financing gives SpaceX another way to fund its rapidly expanding AI ambitions without relying solely on traditional debt markets. “This lease diversifies our funding sources and addresses a notable portion of the funding required to deliver on our growth plans,” SpaceX CFO Bret Johnsensaidin a statement Monday, noting it is seeing “less than one-year payback periods” on its AI infrastructure investments as it scales compute to power Grok and its cloud services. Apollo said the financing will help deliver Nvidia’s next-generation Vera Rubin chips for SpaceX’s “terrestrial compute buildout.” The financing comes as SpaceX ramps spending to expand its AI infrastructure, alongside its Starlink and launch businesses. The financing follows ablockbuster third quarter for SpaceX’s AI business. SpaceX’s AI segment, which includes the Grok chatbot, the Cursor coding tool and its cloud compute business, outperformed investor expectations in the third quarter and brought in$7.6 billionof SpaceX’s $14.6 billion in revenue, more than Starlink and rocket launches combined. Capital expenditures also surged to nearly $20 billion, up from $6.9 billion a year earlier, as SpaceX races to expand its compute footprint. CFO Bret Johnsen said on the company’sOct. 20 earnings callthat SpaceX expects to spend $35 billion to $40 billion in the fourth quarter alone. The massive lease comes after atumultuous stretchin the debt markets for AI infrastructure players, as investors grow squeamish over runaway capital expenditures and limited profits. While SpaceX had no trouble tapping Wall Street, Musk used the $40 billion announcement to take a victory lap over pure-play AI compute rivals. Pointing to SpaceX’s “investment-grade” status and steady cash flow from Starlink and rocket launches, Muskarguedon Sunday that debt markets have largely closed the door on companies without major revenue streams outside of AI data centers — spelling trouble for the more than 200 neocloud companies built solely to rent out GPUs for AI workloads. “That means the 200+ neoclouds are going to see guppy-level death and consolidation,” Muskwrote on X.“Some will make it through, but not many.”
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Anthropic is building the same kind of cross-product ecosystem that helped make tech companies like Amazon and Uber enormously sticky, and itsS-1suggests the strategy is working. More than half of customers spending at least $100,000 annually now use both the Claude platform and a first-party app like Claude Code or Cowork, up from about 30% at the end of last year. “The speed and depth of our enterprise customer adoption are powerful evidence of Claude’s position at the frontier of AI,” the S-1,filed with the Securities and Exchange Commission on Monday, reads. As of September 30, Anthropic recorded more than 11,900 customers spending at least $100,000; more than 1,900 customers spending upwards of $1 million; and about 250 customers spending $10 million or more annually. Anthropic attributes customer momentum to a “significant usage expansion as customers realize the value of deploying Claude across their organizations,” which drove net revenue retention of about 900% as of the end of the third quarter. Throwing shade at the entire legacy SaaS industry, Anthropic pitches Claude as not a “static product that serves a single use case,” but rather “frontier AI with rapidly advancing capabilities” spanning the models, the developer platform, and the applications users interact with directly. “An advance at any layer compounds across all three layers, accelerating the pace at which we can deliver more capable intelligence,” the filing reads, calling this “integrated approach” the reason more customers use both the Claude Platform and first-party apps. The playbook is familiar. Uber began by selling rides, but has expanded into food delivery and freight. With AWS, Amazon drew in customers with cloud computing services before expanding those relationships into storage, databases, and other offerings, making the ecosystem increasingly hard to leave. Like those companies, Anthropic doesn’t have to sell each product to a brand-new buyer: A business that starts with the API can deploy Claude Code to their engineers, and then Cowork to their broader workforce. Those app users become far more valuable. In the third quarter, the highest-spending 5% of Claude Enterprise customers who used Claude Code spent about 20 times as much per month as the average enterprise user who didn’t use the coding tool, per the filing. The finding demonstrates how much room there is for per-user spend to grow, and illustrates why Anthropic is keen to get its applications into the accounts that start with the API. Anthropic said it amplifies that organic diffusion by investing in Applied AI teams. An internal Applied AI team works with startups and enterprises to help place Claude inside customers’ existing technology stacks, and the company recently launched a separate venture with Blackstone and other private equity firms, dubbed Ode with Anthropic, to embed forward deployed engineers into businesses to build bespoke AI tools with Claude. Anthropic also leans on its third-party distribution partnerships with hyperscalers AWS, Google Cloud, and Microsoft Azure. Under what the filing calls a “joint go-to-market approach,” Anthropic holds the direct contractual relationship with customers and pays each cloud provider a fee, which the company says lets it “avoid channel conflict” and “set pricing.” Anthropic’s budding stickiness strategy may become essential as the AI giant seeks to constantly “reinvent our business” by releasing “new classes of products whose aim is to dwarf the economic value of our existing ones.” The company says it will devote less effort than a typical business to “entrenching our current products and business models, and more effort to defining new ones.” The filing also flags headwinds, despite impressive revenue growth of $16.3 billion for the first half of 2026, up from $1.2 billion in the same period last year. The cloud partnerships that help sell Claude are increasingly seeingAnthropic as a competitor,which Anthropic says could lead to difficulties securing the compute it needs from them. The filing states that Amazon, Google, and Microsoft may prioritize their own requirements or rivals they’ve invested in. Customer concentration is another risk. “Any adverse change in demand from our largest customers…could adversely affect our business and prospects,” reads part of the risk factors section. “As a result, a significant reduction in spending by, or the loss of, one or more of our largest customers, if not offset by new customer relationships or increased business from our other existing customers, could adversely affect our business, financial condition, and results of operations.” Anthropic did not immediately respond to TechCrunch’s request for comment.
Anthropic seems to be facing a new copyright lawsuit. The artificial intelligence company behind Claude is reportedly being sued for allegedly training its AI models on Elvis Presley's music without authorisation. The lawsuit reportedly covers 274 copyrighted musical compositions, including popular tracks such as “Can't Help Falling in Love,” “Don't Be Cruel,” and “A Little Less Conversation.” The legal action adds to the growing number of copyright disputes involving AI companies for the misuse of music, books and other creative works for the training of their large language models.
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Anthropic seems to be facing a new copyright lawsuit. The artificial intelligence company behind Claude is reportedly being sued for allegedly training its AI models on Elvis Presley's music without authorisation. The lawsuit reportedly covers 274 copyrighted musical compositions, including popular tracks such as “Can't Help Falling in Love,” “Don't Be Cruel,” and “A Little Less Conversation.” The legal action adds to the growing number of copyright disputes involving AI companies for the misuse of music, books and other creative works for the training of their large language models.
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The network will connect key data centre corridors across India, starting with Mumbai, Pune, Hyderabad and Chennai, before expanding to other regions.
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Automakers face rising software complexity, frequent over-the-air updates and compliance demands as vehicle validation becomes harder to scale.
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The launch comes as Pronto develops a separate initiative to record household service sessions for AI training.
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As GCCs take on more complex responsibilities, demand for specialised capabilities is expected to grow, including platform engineering, cybersecurity, solution architecture, and domain-specific expertise.
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NVIDIA, AMD and Broadcom have indicated an interest in purchasing up to $5 billion collectively in the Class A offering.
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The initiative will combine hands-on IT instruction for educators with plans to make computer education compulsory from 6th standard across Bihar’s government schools.
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Anthropic's Claude is said to have accessed Georgia's publicly available election data without human authorisation. According to a report, the AI model bypassed a payment restriction while working on an internal statistics project. The incident reportedly involved aggregate vote counts that the US state makes available for a fee, instead of individual voter records or its voter registration system. Anthropic said the model was not instructed to obtain an access token for the data and has since introduced measures to prevent similar actions.
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Anthropic's Claude is said to have accessed Georgia's publicly available election data without human authorisation. According to a report, the AI model bypassed a payment restriction while working on an internal statistics project. The incident reportedly involved aggregate vote counts that the US state makes available for a fee, instead of individual voter records or its voter registration system. Anthropic said the model was not instructed to obtain an access token for the data and has since introduced measures to prevent similar actions.
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