Anthropic is paying SpaceX $1.25 billion per month through May 2029 as part of the massive compute deal the companies signed earlier this month. Why it matters: It's a massive bill but comes as Anthropic's revenue is taking off and the company is hampered by a lack of compute power. - It also is a significant boost to SpaceX, whose annual revenue is only around $18 billion per year. Driving the news: Anthropic and SpaceX announced their deal last month, but did not initially provide financial details. - SpaceX announced the monthly payments as part of its filing for an initial public offering , released Wednesday. It said the payments would be reduced for May and June as the deal ramps up. - Anthropic also announced moments before the…
As it adapts to the artificial intelligence era, the company is pushing many of its 78,000 workers to use the technology, and preparing to lay some of them off.
Elon Musk's surprise Anthropic deal allows him to accomplish two things at once: turn unused compute into revenue before an expected SpaceX IPO next month — and stick it to his archrival, Sam Altman. Why it matters: Musk went from calling Anthropic "evil" to doing business with it in three months, showing how quickly competition can give way to strategic necessity in the AI race. The big picture: The deal helps Anthropic address one of its most pressing problems — a severe compute deficit. The company saw "80x growth per year in revenue and usage" for the first quarter of 2026, CEO Dario Amodei said at a developer conference Wednesday, when it only planned for 10x. - That demand spike gave the AI lab "difficulties with compute,"…
The widening movement is pulling in people from all walks of life, united by a worry that Big Tech will cash in while average Americans bear the costs.