AI Infrastructure

Anthropic has a power problem, and it just spent $3.4 billion trying to fix it. The Financial Times reported on Sunday that the company behind Claude struck a deal in late September to secure 1.7 gigawatts of gas-fired generators for its AI data centers, taking over generator orders placed by a Texas equipment supplier. If the report holds up, it’s one of the clearest signs yet that the AI race has a new bottleneck, and it isn’t chips. ...

Google has bought Crusoe’s unfinished data center site in southeast Wyoming and plans to invest $17 billion to build it out, Crusoe confirmed on November 6. Full story in slides above — Sources: TechCrunch, Bloomberg via TechCrunch, November 6–7, 2026.

Dropbox is buying Tigris Data for $350 million in cash, and the Dropbox Tigris acquisition is the biggest deal in the company’s 19-year history. The agreement was signed November 3 and announced Thursday, November 5, alongside a new business called DBX Agent Cloud that will sell storage to companies building AI applications. For a company that made its name syncing files between your laptop and your phone, this is a sharp turn. Dropbox isn’t buying a consumer app. It’s buying pipes — the kind of storage infrastructure that AI agents and models need to hold the images, videos, and documents they work with. ...

Google is going to Wyoming. The company announced Thursday that it will build its first data center in the state, a $17 billion bet on Laramie County that pairs the campus with one of the largest carbon-capture power projects ever tied to a tech company. The Google Wyoming data center will sit near Cheyenne, built with Tallgrass Energy, Black Hills Energy, American Electric Power (AEP) and Related Digital. Google hasn’t said when the campus itself will open, but the power plant behind it has a date: AEP and its partners plan to start construction in 2026 and have it fully running by the end of 2028. ...

Ohio voters delivered the clearest local verdict yet on the AI building boom on November 3, passing bans or restrictions on data centers in at least 14 municipalities, with results still unofficial until county boards certify them. Full story in slides above — Sources: Cincinnati Enquirer, Columbus Dispatch, StockAnalysis, Unite.ai, November 3–4, 2026.

Meta is going back to the bond market for as much as $25 billion. The Meta $25 billion bond sale, reported Tuesday by CNBC and first flagged by Bloomberg, would help pay for the data centers, chips, and AI models behind chief executive Mark Zuckerberg’s push toward personal superintelligence. About two-thirds of the debt is expected to be denominated in U.S. dollars and the rest in euros, according to people familiar with the plans who spoke to both outlets on condition of anonymity because the details are private. Final pricing was expected Tuesday afternoon. Meta declined to comment. ...

Vertiv and GE Vernova both beat third-quarter expectations on October 28, 2026, as AI data centers keep driving demand for power, cooling, and grid equipment. Vertiv’s sales rose 61% to $4.31 billion with organic orders up over 100%, while GE Vernova’s orders jumped 96% to $29.3 billion and its backlog hit a record $197 billion. Full story in slides above — Sources: Investopedia, MarketWatch, Barron’s, Morningstar/Dow Jones, October 28, 2026. ...

SpaceX reported $14.6B in Q3 revenue and a $4.4B net profit — a turnaround from a $1B loss a year ago — with its Super Intelligence AI unit now generating 52% of income. Meanwhile Elon Musk said merging SpaceX and Tesla, at a combined $3.5T value, would be “a good idea.” Sources: TechCrunch, Reuters, October 20-21, 2026.

Anthropic lost $80.7 billion in six months. On paper, it’s one of the largest corporate losses ever recorded, and the company plans to go public next month anyway. The Wall Street Journal reported Tuesday that it had reviewed a draft of Anthropic’s S-1 prospectus covering the first half of 2026. The filing offers the most honest look yet at the Claude maker, and the numbers are staggering: $16.3 billion in revenue, up from $1.1 billion in the same period last year, sitting alongside a net loss of more than $80 billion. That’s about $13.5 billion lost every single month. Anthropic declined to comment on the Journal’s report. ...

OpenAI’s infrastructure chief is leaving after about a year on the job, and the timing is awkward. Sachin Katti, the executive in charge of OpenAI’s computing capacity, announced Wednesday that he plans to step down next month. His departure lands just as the company ramps up what may be the biggest infrastructure bet in corporate history: roughly $750 billion in spending on computing power through 2030. Katti wrote on LinkedIn that his last day will be November 15 and that he’ll stay on as an adviser. He said he’s leaving to build something new. Uday Ruddarraju, a former xAI executive who became OpenAI’s chief technology officer of compute in July, will take over both the infrastructure and compute businesses and will report to OpenAI president Greg Brockman. ...

Wednesday was a bruising day for AI infrastructure stocks — the companies building the physical backbone of the AI era. Reuters reports that shares of neocloud firms Nebius and CoreWeave fell 15.1% and 9.5%, respectively, on October 14, as investors priced in a growing chance that interest rates climb higher and make the industry’s debt-fueled expansion far more expensive. The damage spread fast. Data center operators Applied Digital and IREN dropped 8.8% and 9.9%. Oracle, the debt-heavy hyperscaler betting big on AI, slid 7.2%, with most of its dollar bonds declining too. Server makers Dell and HPE fell 10.3% and 6.4% after Barclays downgraded both to “equal-weight” from “overweight.” ...

Cisco used the OCP Global Summit on October 12 to introduce new 51.2T AI networking systems, including Silicon One systems with 1.6T optics, already running in production at leading hyperscalers. Full story in slides above — sources: Cisco Newsroom, ad-hoc-news.de, openaimpact.com, October 12–13, 2026.

SpaceX is in talks to raise $40 billion in loans and debt to buy Nvidia AI chips, in one of the biggest AI infrastructure financings ever reported. Full story in slides above — Sources: Financial Times via Reuters, Bloomberg (October 6–7, 2026).

Amazon Web Services CEO Matt Garman announced the ‘Built Together’ program on October 2, 2026, pledging more than $1 billion over five years to US communities that host Amazon data centers, alongside an end to nondisclosure agreements with government agencies on new projects. Full story in slides above — sources: AP via South Bend Tribune, WIRED, TechCrunch, Ars Technica, October 2–4, 2026.

The chipmakers are bankrolling their own customers now. Broadcom’s Wall Street syndicate is in the process of assembling $60 billion in fresh financing for AI chips that would benefit Anthropic and other companies, Bloomberg reported on Friday, October 2. The package is split into a $42 billion Class A senior-secured tranche, syndicated among banks including Bank of America, Citigroup, and Morgan Stanley, and an $18 billion Class B junior-debt tranche led by Blackstone, which is committing $9 billion from its own funds and syndicating the rest. ...

The AI compute gold rush just took another strange and very expensive turn. Akamai Technologies said Thursday, September 24, 2026, that it signed an $11.6 billion cloud services agreement with Anthropic — the largest AI customer commitment in Akamai’s history. The seven-year contract can grow by another $9 billion, pushing the potential total to about $20 billion. Investors liked the math: Akamai shares surged 22% in extended trading after the announcement, Reuters reported. ...