Cloud Computing

Oracle is doubling down on Nvidia and hedging at the same time. On Tuesday, the cloud company said it will expand to “multi-gigawatt scale” with Nvidia’s newest Vera Rubin AI servers, while also offering chips from Nvidia rivals for the first time. It’s a big order of confidence in Nvidia’s hardware, wrapped in a clear message: Oracle doesn’t want to be locked into one chipmaker. The companies did not disclose what the expanded deal is worth. But Nvidia CEO Jensen Huang has previously said Vera Rubin systems can generate up to $40 billion in revenue per gigawatt for the chipmaker, which gives a sense of the scale involved when a cloud provider talks in gigawatts rather than server racks. ...

Amazon has found a buyer for the most expensive hardware problem in tech. The company is seeking to offload about $8 billion of advanced Nvidia chips to investors through a special-purpose vehicle, then lease the chips back for its own data centers, the Financial Times reported Friday. The proposal, which Reuters also reported, would move thousands of Grace Blackwell chips — installed in more than a dozen US data centers across five states — into a vehicle backed by outside money. Amazon would then pay rent on hardware it currently owns outright. ...

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. ...