Cloud Computing

Three-quarters of a trillion dollars. That’s how much Microsoft, Alphabet, Meta, and Amazon plan to spend on capital expenditure in 2026 — and nearly all of it is aimed at AI infrastructure. Wednesday night’s earnings dump wasn’t just big. It was historically unprecedented. Every single hyperscaler either raised or reaffirmed their guidance upward, blowing past Wall Street’s already-aggressive $670 billion estimate. If anyone still questioned whether Big Tech was serious about the AI arms race, $725 billion in concrete, silicon, and fiber optic cable answers that definitively. ...

There’s a saying in venture capital: if you can’t pick the winner, fund the race. Amazon just applied that maxim with a $75 billion budget. Amazon announced it will invest up to $25 billion in Anthropic — the company behind Claude — as part of a sprawling deal committing Anthropic to spending over $100 billion on AWS over the next decade. This comes just two months after Amazon dropped $50 billion on OpenAI’s record-breaking funding round. ...

Two deals. Two days. Two of the biggest names in AI writing checks to the same company. On Thursday, Meta committed an additional $21 billion to CoreWeave for AI cloud capacity through 2032. On Friday, Anthropic — the company behind Claude — signed a multiyear agreement to run its workloads on CoreWeave’s infrastructure. CoreWeave’s stock ripped past $103, and its total revenue backlog now exceeds $66.8 billion. For a company that started out mining Ethereum, that’s not a bad week. ...