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SpaceX Inks $30 Billion Computing Power Deal With Google
Bloomberg113d agoneutralVIDEO
SpaceX Inks $30 Billion Computing Power Deal With Google

Bloomberg's Bailey Lipschultz breaks down a busy week in SpaceX news, as the aerospace company prepares for an IPO. SpaceX and Google entered into an agreement for cloud services where Google has agreed to pay SpaceX $920 million per month for computing, something Lipschultz says is indicative of the expansion of the scope of work SpaceX is looking to do.

Bloomberg113d agoneutral
Apollo Wraps Up $35 Billion Debt to Buy AI Chips for Anthropic

(Bloomberg) -- Apollo Global Management Inc. and Blackstone Inc. have finalized a $35 billion financing package for Anthropic PBC to expand its AI infrastructure, marking the latest mega-deal in the artificial intelligence race.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSpaceX Inks $30 Billion Computing Power Deal With GoogleTrump Says

What investors can expect from Apple's WWDC
Yahoo Finance Video113d agoneutralVIDEO
What investors can expect from Apple's WWDC

Yahoo Finance Tech Editor Dan Howley joins Josh Lipton on Market Domination to preview Apple's (AAPL) Worldwide Developers Conference (WWDC), discussing what investors should watch for and what it will take for the event to be considered a success.

SpaceX signs pre-IPO deal to provide AI computing to Google
AFP113d agoneutral
SpaceX signs pre-IPO deal to provide AI computing to Google

SpaceX on Friday signed a blockbuster cloud computing agreement under which Google will pay the Elon Musk-founded rocket company $920 million per month for access to a massive cluster of AI chips, according to a disclosure in its initial public offering filing.The deal resembles one struck with AI giant Anthropic, in which SpaceX leased compute capacity at its Colossus data centers in Memphis, Tennessee for $1.25 billion a month.

Google to Pay SpaceX Nearly $1 Billion a Month in Cloud-Computing Deal
The Wall Street Journal113d agoneutral
Google to Pay SpaceX Nearly $1 Billion a Month in Cloud-Computing Deal

Google has agreed to rent data-center capacity from SpaceX, expanding the rocket company’s artificial-intelligence business ahead of its initial public offering. Google will pay SpaceX $920 million a month from October 2026 to June 2029 in a deal that includes the computing capacity of at least 110,000 Nvidia chips, according to a SpaceX securities filing on Friday. The deal will ramp up over summer, and Google has the right to cancel the agreement in October if SpaceX doesn’t provide the promised chips, SpaceX said.

After Months of Watching AI Innovation ETFs Run These 3 Active Funds Stand Out and the Revolution Has Barely Started
24/7 Wall St.113d agoneutral
After Months of Watching AI Innovation ETFs Run These 3 Active Funds Stand Out and the Revolution Has Barely Started

Goldman Sachs models $765 billion in annual AI capital spending for 2026, climbing toward $1.6 trillion by 2031. That kind of multi-year buildout is the backdrop for three actively managed (or active-leaning) AI funds that have separated themselves from the passive crowd: the iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI), the iShares Future AI ... After Months of Watching AI Innovation ETFs Run These 3 Active Funds Stand Out and the Revolution Has Barely Started

SpaceX signs cloud deal with Google
Reuters113d agoneutral
SpaceX signs cloud deal with Google

SpaceX said on Friday ‌it has entered ‌into a multi-year cloud service ​agreement with Alphabet's Google for access to compute capacity. As part ‌of ⁠the deal, Google will pay SpaceX $920 ⁠million per month from October this ​year to ​June ​2029, with capacity ‌ramping up through September at a reduced fee, Elon Musk's space venture said in ‌a U.S. ​SEC filing. The ​compute ​capacity provided ‌includes about 110,000 Nvidia ​GPUS, ​CPUS, memory and other related components.

Goldman’s Future Tech ETF Turned $10k Into $15.2k While the S&P 500 Made $1.1k
24/7 Wall St.113d agoneutral
Goldman’s Future Tech ETF Turned $10k Into $15.2k While the S&P 500 Made $1.1k

A $10,000 stake in Goldman Sachs Future Tech Leaders Equity ETF (NASDAQ:GTEK) on the last trading day of 2025 was worth about $15,200 at Monday’s close, with the fund up 52% year to date through June 1, 2026. The same $10,000 dropped into the S&P 500 via the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) over ... Goldman’s Future Tech ETF Turned $10k Into $15.2k While the S&P 500 Made $1.1k

IBM and Google team up to launch stunning product for customers
TheStreet113d agoneutral
IBM and Google team up to launch stunning product for customers

Two of the most recognizable names in technology have been circling each other in the enterprise AI market for the better part of two years. One has the consulting relationships and the regulated industry credibility. The other has the infrastructure, the models, and the cloud platform. Neither has ...

Trump says his team will "look into" US taking stake in AI companies
Reuters113d agoneutral
Trump says his team will "look into" US taking stake in AI companies

U.S. President Donald Trump on Friday told reporters that ‌his team is looking into the ‌idea of AI companies giving the American public a ​stake in their firms, adding that he planned to host a meeting with AI executives as soon as next week. "There's ‌something very interesting ⁠about it, where it almost becomes a partnership with the American ⁠public," he told reporters.

Investing.com113d agoneutral
Illinois governor to pause data center tax breaks amid AI concerns

Investing.com -- Illinois Governor JB Pritzker plans to temporarily stop processing applications for tax breaks offered to data centers seeking to build in the state, according to a report by NBC News on Friday. The pause will begin July 1 and is part of an effort to develop new rules for how these facilities should operate.

The Tech Stock Everyone Wrote Off Just Quietly Built a $553 Billion Backlog
24/7 Wall St.113d agoneutral
The Tech Stock Everyone Wrote Off Just Quietly Built a $553 Billion Backlog

Ten years ago, Oracle (NYSE: ORCL) was the database company everyone respected but few investors loved. It had missed the first wave of cloud, ceded ground to Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), and Alphabet (NASDAQ:GOOGL), and seemed destined to be a slow-growth dividend payer. A decade later, it is one of the most aggressive AI infrastructure ... The Tech Stock Everyone Wrote Off Just Quietly Built a $553 Billion Backlog