compute News & Analysis
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Market Mood
Broadcom (AVGO) Launches AI XPV Platform with $35 Billion Tranche
Broadcom Inc. (AVGO) announced the AI XPV Platform on June 9, backed by initial investments from Apollo and Blackstone. The platform aims to deliver over 20 gigawatts of compute capacity by 2028, starting with a $35 billion funding tranche. Fiscal Q2 revenue reached $22.19 billion, a 48% increase year-over-year, with AI semiconductor revenue at $10.8 billion, up 143%. This initiative positions Broadcom as a significant player in AI infrastructure, supporting the expansion of compute capabilities for labs such as Anthropic and OpenAI.
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Anthropic (ANTH) Reports 80-Fold Growth in First Quarter Revenue
Anthropic reported an 80-fold increase in revenue and usage in the first quarter on an annualized basis, exceeding initial expectations of 10-fold growth. CEO Dario Amodei linked this rapid growth to difficulties in meeting demand for computing capacity. To address these challenges, Anthropic has entered a deal with SpaceX for access to over 300 megawatts of compute capacity at the Colossus 1 data center. The company is also seeking additional capital at a valuation of $900 billion, significantly exceeding its competitors, including OpenAI.
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Allbirds (BIRD) Shares Surge 580% After AI Business Pivot Announcement
Allbirds (BIRD) shares soared over 580% following the company's announcement to pivot from footwear to artificial intelligence, indicating a new focus on AI compute infrastructure. The San Francisco-based firm secured a $50 million deal to facilitate this transition, although its stock market value remains over 90% lower than when it was listed in 2021, with shares dropping from over $500 to around $2.50 before the news. The company plans to buy advanced graphic processing units (GPUs) to meet market demand for AI compute power. This strategic shift is expected to provide the company with a pathway to profitability moving forward.
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