Category: Perspectives

November reflected broad infrastructure acceleration and deepening capital concentration as Hyperscalers, model labs, and investors expanded long-term AI commitments. OpenAI secured a $38B, seven-year AWS cloud agreement to lock in Nvidia GPU supply, while Microsoft advanced $9.7B in partnerships with IREN and Lambda to extend multi-region training capacity. Meta and Anthropic added more than $650B…

October reflected the next leg of AI’s shift from narrative to realized demand, as earnings showed AI workloads driving cloud usage and revenue impact. Google Cloud grew 34% and AWS grew 20% while Apple Services hit an all-time high, signaling that enterprise AI adoption is beginning to show up in P&L and capex guidance rather…

September’s activity reflected continued movement from hype to scaled execution as leading players doubled down on infrastructure and distribution. OpenAI advanced on multiple fronts, closing a $6.6B secondary sale at a $500B valuation, striking a landmark $300B compute deal with Oracle, and expanding U.S. datacenter plans, while Nvidia drove aggressive dealmaking including up to $100B…

August’s headlines reflected a shift from hype to execution as tech giants and leading startups moved aggressively to scale. Nvidia posted record revenues despite export headwinds, Anthropic secured a $13B round to extend its lead in safety and education, and OpenAI both expanded through the acquisition of Statsig and stumbled with a controversial GPT-5 rollout.…

July’s headline deals underscored an aggressive land-grab for talent, compute, and vertical integration. Google licensed Windsurf’s AI-coding technology and key staff, Meta unveiled its new Superintelligence Labs and long-range “Prometheus” cluster, Elon Musk’s xAI secured fresh capital to scale Grok and its Colossus supercomputer, and CoreWeave bought Core Scientific to lock in additional power capacity…

June’s AI headlines shifted from supply‑chain events to blockbuster investments and power‑hungry scale‑ups. Meta made waves with a $14.3B move for 49 % of Scale AI, recruiting CEO Alexandr Wang to lead a new AGI unit within Meta, while OpenAI struck a landmark compute pact with Google Cloud, cut o3 prices 80 %, and locked in a $200M Department of Defense…

Last month, AI news pivoted from trade-war logistics to ambitious roll-outs and transformative partnerships. Major acquisitions stole the spotlight: OpenAI secured Windsurf for $3B and hardware start-up io for $6.4B, while Salesforce and Palo Alto Networks closed their own high-impact AI deals. In the Middle East, AWS and Saudi-backed HUMAIN unveiled a $5B+ investment into…

Last month, the top AI news was mostly about infrastructure and export restrictions as the trade war heated (note: Liberation Day was April 2). AI infra was dominated by Nvidia’s planned $500 B U.S. supercomputing program and the EU’s €200B initiative to fund 13 AI‑chip gigafactories, even as power‑supply constraints pushed Amazon and Microsoft to slow…

February marked a strong rebound in AI investment with $6.5 billion across 115 transactions, up significantly from January’s 80 deals. Despite inflation and tariff concerns, Figure is reportedly in talks for a potential $1.5 billion growth round in industrial AI, while diverse sectors from healthcare to security attracted substantial funding. Big Tech continues aggressive infrastructure…

In the rapidly evolving landscape of artificial intelligence, 2024 was a pivotal year of breakthrough innovations and strategic investments. Starting in 2025, we are launching a monthly AI Financing series to provide critical insights into the sector’s most significant developments. Our January report offers a focused examination of key investments and advancements, including the Stargate…