Anthropic’s 318-page IPO prospectus, which the company made public today, makes one thing clear: Compute is existential to Anthropic’s business, and not securing enough of it is a significant risk factor. “Our ability to develop, train, improve, and deploy frontier models depends on our access to enormous and increasing quantities of specialized compute,” the company
Meta’s filings this week were dominated by its new class of non-voting stock, which would let Mark Zuckerberg raise cash, including enough to pay for a potential California wealth tax without giving up control of the company. Meta says it needs the new shares to fund its AI ambitions: Management’s forecasts “showed the Company’s need
Private equity giant Blackstone is putting itself at the center of the AI boom, firm veteran Jas Khaira discussed last week on stage at TechCrunch Disrupt. It is writing checks via various strategies, ranging from offering massive loans to data centers to investing in frontier AI models and applications. Earlier this year, the firm launched
Amazon is reversing its plan to expand its data center footprint in Virginia—forgoing its $427 million plan to build data centers on George Washington University’s Virginia campus it had signed an application for in February. The company will donate roughly 25 acres of the property to Loudoun County for community facilities instead. The agreement, dubbed
A little over a month ago, Anthropic and AI infrastructure provider Nscale announced a $45 billion compute deal. Now, the duo may be about to do it again. Bloomberg reports that the two companies are said to be on the verge of announcing yet another $45 billion compute deal, citing people familiar with the matter.
Welcome back to Power Play! Each week, senior writer Molly Taft tackles a topic around this midterm season’s biggest issue: data centers. They’re out this week, so Caroline Haskins is reporting for duty. If you’ve got a question or thought for the column, feel free to shoot Caroline an email at [email protected] or reach her
