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Tech / The Next Web ·

Microsoft is winding down its deal to rent AI computing from Oracle

Microsoft is winding down a 2023 deal to rent AI computing from Oracle after declining to renew it, Bloomberg reports. The servers ran older Nvidia chips. Microsoft is reassessing more than $80B in contracts with outside cloud providers. Microsoft is winding down a deal to rent AI computing power…

AI / The Verge ·

OpenAI valued at $1.25 trillion, as rival Anthropic nears its IPO

OpenAI is now valued at $1.25 trillion in a new round of funding that has raised another $11 billion, according to Bloomberg. That would make it one of the world's most valuable companies, not long after raising $122 billion from investors in March at a valuation of $852 billion. Echoing FT and Wall…

Tech / The Next Web ·

Musk says government work will be under 10% of SpaceX revenue

Elon Musk said government contracts will make up less than 10% of SpaceX’s revenue this quarter, down from 16.6%. SpaceX now earns most from renting AI computing, with Anthropic its biggest customer, though Anthropic can exit from early 2027. Government contracts will make up less than 10% of…