Chinese tech giant Tencent signed its largest overseas lease agreement with Oracle to access 100,000 AI chips, accelerating its AI development while navigating US export restrictions on advanced semiconductors to China.
Anthropic discussed buying AI chip startup MatX for roughly $7 billion to develop custom hardware for its AI business, but abandoned the plan. The company is now pursuing a $45 billion cloud computing deal with Nscale instead.
IBM and startup Together AI announced a multi-year $240 million agreement to build a large-scale artificial intelligence inference cluster on IBM Cloud using Nvidia systems. The deployment will feature Nvidia's HGX B300 systems and is scheduled to launch in Q1 2027.
IBM and startup Together AI announced a multi-year $240 million agreement to build a large-scale artificial intelligence inference cluster on IBM Cloud using Nvidia systems. The deal reflects IBM's bet that enterprise AI inference—the process of running trained models at scale—represents a major growth opportunity.
Alibaba Cloud has introduced CUBE 5.0, a modular data center architecture that reduces construction time for large-scale AI infrastructure from several months to 100 days while cutting costs by 10 percent. The announcement reflects intensifying competition among tech giants in AI infrastructure beyond just models and chips.
Microsoft plans to launch its next-generation Maia 300 AI chip as early as September 2026, with the company securing production capacity from TSMC for over 300,000 units to be delivered in 2027. The move aims to reduce Microsoft's reliance on Nvidia's expensive processors and attract major cloud customers.
Amazon reported $200.6 billion in Q2 revenue with AWS growing 37%, its fastest pace since 2021, but free cash flow turned negative for the first time since 2023 due to massive capital expenditures on AI data centers.
Amazon increased its annual capital spending plans following robust cloud computing sales growth, its strongest performance in more than four years, as the company argues AI investments are generating sufficient demand to justify the expenditures.
Amazon reported AWS revenue accelerated for a fifth straight quarter, with cloud computing growth easing investor concerns about AI infrastructure returns. The strong results sent shares up 12% and demonstrated clear demand for Amazon's custom AI chips.
Microsoft's stock jumped 16% following stronger-than-expected guidance and robust Azure cloud growth, with rising adoption of Microsoft 365 Copilot demonstrating that the company's artificial intelligence investments are beginning to generate measurable revenue.
Meta Platforms Inc. has revealed it has committed almost $700 billion in future spending through long- and short-term agreements for artificial intelligence data centers, cloud computing, and related infrastructure.
Meta Platforms is developing a new cloud infrastructure business to sell access to its excess AI computing power and models, positioning itself to compete with Amazon Web Services, Google Cloud, and Microsoft Azure. The announcement sent Meta shares up more than 10% in trading.
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.
Alphabet's cloud division reported blowout growth results, resetting investor expectations across major tech companies regarding returns on AI infrastructure investments, which are projected to reach $700-725 billion in 2026.
Google Cloud unveiled a $750 million fund to help consulting firms including McKinsey, Accenture, and Deloitte bring agentic AI solutions to their enterprise clients, part of Google's broader push into enterprise AI agent platforms.
Google announced its eighth-generation Tensor Processing Units (TPUs) developed with Broadcom, alongside a new Gemini Enterprise Agent Platform and Workspace Intelligence AI layer. The company is positioning itself as the only provider with a complete AI stack from chips to applications.
