OpenAI’s $97 billion deal, Anthropic’s cloud bet and Amazon’s AI search push: the stories we broke first and what they signal now

Hello,

The AI boom is being shaped by enormous spending, shifting alliances and an intensifying fight for talent. To understand who has leverage, who is pulling ahead and where pressure is building, you need more than headlines. You need the reporting underneath them.

We broke these stories first—then stayed ahead of the story as other outlets cited and amplified our reporting. Subscribe now and save 25% off your Annual subscription for $399 $299.

Reuters cited our reporting that OpenAI and Microsoft agreed to cap revenue sharing, a shift that could save OpenAI $97 billion through 2030.

After we reported that Anthropic committed to spending $200 billion on Google’s cloud and chips, The Verge cited our coverage of the massive infrastructure deal.

The Wall Street Journal cited our reporting that China’s Kuaishou plans to spin off its Kling AI video unit at a $20 billion valuation.

Bloomberg Opinion’s Matt Levine linked to our scoop on Core Automation, the six-week-old startup founded by a former OpenAI researcher that is targeting funding at a $4 billion valuation just weeks after securing a $1 billion valuation.

And this week, our big story is Anthropic and OpenAI’s Share of AI Startup Revenues Rises to 89%. The two companies now account for nearly all revenue among leading AI startups, even as the sector’s rapid growth continues to require enormous cash burn.