Anthropic has agreed to pay xAI $1.25 billion per month until May 2029 for the use of 300 megawatts of compute power from xAI's Colossus 1 data center. This deal, revealed in SpaceX's SEC filing, allows xAI to monetize its unused compute capacity, potentially generating over $40 billion in revenue. The contract can be terminated by either party with 90 days' notice. This arrangement reflects a new 'neocloud' model where AI companies offset infrastructure costs by acting as cloud providers when their own usage is low, highlighting xAI's strategy to maximize returns and manage excess capacity ahead of a public offering.
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
The FAA has approved SpaceX to resume Starship prototype flights after identifying the cause of a booster failure in May. The next launch, planned for July 16, will be the second flight of the Starship V3 and will carry the first third-generation Sta...
