Laura Mandaro

Anthropic is in early-stage negotiations to lease up to 1 gigawatt of compute capacity from Stream Data Centers, which is majority-owned by Apollo Global Management. The facility would house tensor processing units designed by Broadcom and Google. The deal reflects ongoing competition among AI labs to secure dedicated infrastructure for large-scale model training and deployment.

OpenAI is in early-stage discussions with investors about a funding round that could value the company at $1.2 trillion or higher. The talks come as OpenAI has delayed its planned initial public offering to next year or later. The valuation would represent a significant increase from the company's previous funding rounds.

Benchmark, a prominent venture capital firm founded three decades ago, is shifting away from its traditional early-stage startup focus after years of maintaining smaller fund sizes around $400-500 million. The move comes as competitors like General Catalyst, Andreessen Horowitz, and Lightspeed Venture Partners have announced multi-billion-dollar fundraises and expanded into diverse asset classes including public stocks, cryptocurrencies, and late-stage companies. Benchmark's pivot signals a broader industry transformation where venture capital has evolved beyond early-stage investing into a more complex investment landscape.

OpenAI acquired Weights.GG, a startup behind the AI voice-cloning tool Replay, in January 2026. About half a dozen Weights.GG employees joined OpenAI as part of the deal. OpenAI acquired the startup's intellectual property but has not indicated plans to integrate Replay's technology into its existing products, suggesting the acquisition was primarily a talent and IP play rather than a product consolidation.

Anthropic CEO Dario Amodei revealed that the company experienced an 80-fold increase in revenue and customer AI usage during the first quarter of 2026, a surge that exceeded internal planning assumptions. Amodei noted that Anthropic had modeled for 10x annual growth but the actual expansion significantly outpaced those projections. The disclosure came during Anthropic's Code With Claude developer conference, signaling unexpectedly strong adoption of the company's AI services among developers and enterprises.

OpenAI has established a new joint venture with $4 billion in funding from 19 private equity firms and consultancies, including TPG, Brookfield Asset Management, Bain Capital, and Advent. The venture will employ specialized tech consultants to help portfolio companies owned by these PE firms integrate AI into their operations. This represents a significant expansion of OpenAI's business model beyond direct software licensing into enterprise consulting and implementation services.

Anthropic is finalizing a $1.5 billion joint venture with private equity firms Blackstone and Hellman & Friedman to distribute its AI products to PE portfolio companies. The structure allows Anthropic to reach enterprise customers through established PE networks while the firms gain direct access to Anthropic's technology for their portfolio companies. The deal represents a significant shift in how AI vendors are partnering with financial sponsors to accelerate adoption across their holdings.