SpaceX said Google has rented out 110,000 Nvidia GPUs for $920 million a month between October 2026 through June 2029. Capacity will ramp through September at a reduced fee. After Dec. 31, the agreement can be terminated by either party with 90 days notice.

Anthropic is renting more than 222,000 Nvidia GPUs from SpaceX. Anthropic is paying SpaceX $1.25 billion a month.

SpaceX is starting to look like a cloud provider.

A few thoughts:

• Want to see the fine print here.
• These deals are non-binding.
• Assuming that Google is renting the higher end Nvidia GPUs from SpaceX.
• This is like when a media company puts its wares on Netflix to make a few million or so. You license it because you can't make a return on your own IP. In SpaceX and SpaceXAI's case this is Grok.

In a blog post, OpenAI said that it has a new architecture for ChatGPT memory to better understand context. There's also a summary page that allows users to review and steer what's remembered.

If there was a theme this week from the cybersecurity industry there was this: Anthropic's Mythos is great for demand.

Rubrik CEO Bipul Sinha on its better-than-expected earnings call said:

"We are now in a new era of cybersecurity. Today, AI agents are attacking us. These autonomous agents can intrude, breach and encrypt at machine speed. Mythos was a powerful breakup call for the cybersecurity industry, but it is already something of the past. Better faster model versions are already in development. Mythos has proven that attack detection is near impossible and cyber resilience is now the most fundamental cybersecurity requirement for the AI era. In fact, Mythos is driving more customer conversations around cyber resilience and recovery. And that is one of the reasons why we have raised our top line guidance for the rest of the year. And at the same time, AI agents are increasingly running business processes. Workflows that assume identities, access sensitive data and take autonomous action. Once compromised, these agents can potentially inflict 10x more damage in 1/10 of the time."

Sinha said cyber resilience is a key theme and Mythos is speeding up those conversations.

"If you just look at what has happened post Mythos, I have personally done 140 CIO and CISO meetings in the last quarter, that is up 50% sequentially quarter-over-quarter. Cyber resilience is the only cybersecurity strategy that is viable for the AI era," he said.

Rubrik's first quarter non-GAAP earnings trounced estimates by 19 cents a share. The company raised its outlook for the second quarter to $395 million to $397 million compared to estimates of $382.83 million.

For those keeping score at home, Rubrik had 13 mentions of Mythos on its conference call.

Cloudflare said it will acquire VoidZero, the JavaScript tooling company behind Vite, Vitest, Rolldown, Oxc, and Vite+. Cloudflare said VoidZero's applications will remain open source and will remain vendor agnostic.

Palantir said it is available on Google Cloud Marketplace and now has two-way integrations between Google Cloud BigQuery and Palantir's Foundry platform. AIP and Gemini are also connected for enterprise use.

The news lands as Palantir launches its latest AIPCon, which is a look at what customers are doing with enterprise use cases.

Here's the livestream

IBM and Google Cloud inked a deal that ties IBM Consulting Advantage with Google Cloud Gemini Enterprise. Under the deal, IBM will use Consulting Advantage, its AI delivery platform, with Gemini Enterprise industry agents.

The companies also said it will launch a new global Google Cloud practice with "thousands of IBM consultants."

Key items include:

• The companies are focused on industry use cases for banking, government, retail, telecommunications, energy, security, insurance and life sciences.
• IBM consultants can now design, build and govern enterprise AI agents on Google Cloud.
• The companies are focused on production uses cases and will integrate hybrid cloud offerings, AI platforms and governance tools.

Google has another open model. The company launched Gemma 4 12TB. According to Google, the open model is "designed to bring high-performance multimodal intelligence directly to your laptop, combining mobile-first efficiency with advanced reasoning."

Alphabet initially wanted to raise $80 billion for AI infrastructure via equity offering. Instead it raised $85 billion. Here's a look at the transcript and deck as pitched to investors.

SpaceX is pricing for $135 a share looking to raise close to $2 trillion in its market debut.

In its latest update, SpaceX said it is offering 555,555,555 of its Class A common stock at $135 each. Elon Musk will hold 84.2% of SpaceX after the IPO.

I updated my previous take on the financials: SpaceX's IPO: Do you believe in space data centers, xAI's potential?

A UserTesting report has some damning findings when it comes to software updates. In fact, we hate them.

According to a survey from UserTesting, there's widespread anxiety and frustration with software updates. A few findings:

• 62% of Americans say OS updates disrupt their daily device usage.
• 53% say the same about app updates.
• 78% avoid changing anything on their devices unless absolutely necessary.
• 15% put off updates until forced to install them.
• 15% are concerned updates will add unwanted AI features.

Coupa and the MIT Data Science Lab published the 2026 Business Spend Index Report using Coupa's data on actual business spending. The index is designed to be an economic indicator that is predictive.

According to Coupa and MIT, the BSI caught an April spending pullback before surveys. Current findings include:

• Procurement spend in technology, financial services and healthcare and life sciences are expected to contract over the summer.
• Technology procurement spend has climbed 40% since mid-2024 to a four-year high.
• Enterprise AI demand appears to be catching up to the AI infrastructure build-out.

UKG named Rod Johnson, a former Oracle executive, Chief Revenue Officer. Johnson will report to CEO Jennifer Morgan. Johnson previously served as EVP of North America Applications at Oracle.