Nscale, a London-based AI infrastructure company, is preparing for a US initial public offering as early as September 2026, backed by approximately $51 billion in total contracted revenue and surging quarterly revenues.
Chinese tech giant Alibaba plans to implement a revenue-sharing model for large commercial users of its upcoming Qwen open-source AI model, marking a shift toward monetizing its previously free AI offerings. The move follows similar licensing approaches by other AI companies and details are expected to be announced next week.
S&P Global downgraded Oracle's credit rating to BBB-, one notch above junk status, citing OpenAI's concentration risk as the AI company accounts for roughly half of Oracle's $638 billion in contractual obligations.
AI cloud infrastructure provider CoreWeave reported Q1 2026 revenue of $2.08 billion, up 112% year-over-year, but net losses more than doubled as the company invested heavily in expanding its GPU infrastructure.
OpenAI and Microsoft have fundamentally restructured their partnership, eliminating the AGI clause that dictated future terms and ending Microsoft's exclusive license to OpenAI technology. OpenAI can now distribute products through any cloud provider including AWS, while Microsoft receives enhanced revenue-sharing terms.
