Anthropic will pay xAI $1.25 billion per month for computing power
Details of the transaction became public through an S-1 filing SpaceX filed with the U.S. Securities and Exchange Commission. The contract could be worth up to $40 billion.
Details of the transaction became public through an S-1 filing SpaceX filed with the U.S. Securities and Exchange Commission. The contract could be worth up to $40 billion.
Earlier this month, it was announced that Anthropic had purchased the entire capacity (300 MW) in the Colossus 1 data center near Memphis. Now, the financial details of this transaction have become known.
As TechCrunch reports, Anthropic will pay xAI $1.25 billion per month until May 2029 (with a discount for the first two months while xAI completes infrastructure preparation). The total amount of the deal could bring Elon Musk's company more than $40 billion in revenue.
Details of the transaction were made public in a Form S-1 filing SpaceX filed with the U.S. Securities and Exchange Commission (SEC). The document states that the agreement allows for “monetization of unused computing capacity in our infrastructure.” The contract provides for the possibility of termination by either party with 90 days’ notice. The documents also mention the expectation of concluding “additional similar contracts.”
The move cements xAI’s hybrid status in the AI market. Players typically either build data centers exclusively for their own needs or operate as traditional cloud providers. This new model, sometimes called “neocloud,” allows AI companies to offset infrastructure costs by acting as a cloud provider when their own usage does not cover all of the available capacity.
SpaceX claims in the documents that this dual monetization strategy provides several ways to return on investment. However, experts see another implication in this, probably xAI has built too much computing power and is forced to look for ways to monetize it on the eve of going public . Elon Musk's company wants to attract tens of billions of dollars and enter the market with a valuation approaching $ 1.75 trillion.
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