Anthropic has agreed to spend $200 billion with Google Cloud over five years for next-generation TPU compute capacity, according to The Information. The deal would represent more than 40% of Google Cloud's $460B+ revenue backlog.
AI chip maker Cerebras Systems raised its Nasdaq IPO price range to $150–$160/share from $115–$125, targeting a fully diluted market value of $48.8 billion. The offering was over 20x oversubscribed ahead of its May 14 trading debut.
ElevenLabs disclosed $500M in ARR and $100M in net new ARR in Q1 2026 alone, as it added institutional backers including BlackRock, NVIDIA, and Deutsche Telekom to its $500M Series D originally announced in February.
Chinese AI startup Moonshot AI raised $2 billion led by Meituan at a $20 billion valuation, bringing total capital to $3.9 billion over six months — making it China's most heavily funded LLM startup.
Parallel Web Systems, founded by ex-Twitter CEO Parag Agrawal, closed a Sequoia-led $100M Series B at a $2B valuation on April 29. The company provides search and research APIs purpose-built for AI agents, serving over 100,000 developers.
Sierra, co-founded by Bret Taylor, closed a $950M Series E at $15.8B valuation on May 4. The enterprise AI agent company has over 40% of the Fortune 50 as customers and $150M ARR.
Anthropic has agreed to spend $200 billion on Google Cloud services and Broadcom-built TPUs over five years, beginning 2027. The deal accounts for over 40% of Google's disclosed cloud revenue backlog; Alphabet also plans up to $40B in additional investment in Anthropic.
Anthropic announced a $1.5B joint venture with Blackstone, Goldman Sachs, and H&F to sell AI tools to enterprise; minutes later, OpenAI closed $4B+ for a rival Deployment Company. Both target PE-backed firms as the primary channel.
Anthropic partnered with Blackstone, Hellman & Friedman, Goldman Sachs, and others to create a $1.5 billion enterprise AI services firm. The new company embeds Anthropic engineers directly inside mid-market companies in healthcare, manufacturing, and financial services.
Anthropic is weighing a fresh funding round at a $900B+ valuation that would leapfrog OpenAI. The company's annualized revenue run rate has surpassed $30 billion, tripling from $9B just months ago.
SoftBank is creating a new AI and robotics company called Roze and targeting a $100 billion valuation in a U.S. IPO as early as late 2026. The company will automate data center construction using robotics and will incorporate ABB Robotics.
Q1 2026 earnings reports from Microsoft, Meta, Alphabet, and Amazon reveal combined capital expenditures exceeding $725 billion for the year — nearly double last year's $410 billion — as the AI data center arms race accelerates.