Oracle Sends Force Majeure Notice on Project Jupiter Data Center

Palantir Technologies and Nebius Group announced a strategic partnership on September 8 to bring Nebius's AI-native compute infrastructure into Palantir's commercial platform. Palantir designated Nebius as its preferred sovereign AI infrastructure partner, integrating Nebius compute and inference endpoints directly inside the Palantir enterprise perimeter. The alliance allows commercial clients to deploy open AI models and run compute-heavy workloads while maintaining strict control over proprietary data, and the companies will also collaborate on modular data center deployments to rapidly scale compute capacity where power is available. For Palantir, the deal provides dedicated high-performance compute capacity supporting its rapid U.S. commercial expansion and 157% net dollar retention rate, while for Nebius it validates its full-stack AI cloud infrastructure and unlocks direct access to Palantir's enterprise customer base. The partnership carries execution and capital risks for both sides, with Palantir facing higher hosting and delivery expenses and Nebius remaining subject to persistent EBIT losses and negative free cash flow as it aggressively builds out data centers and acquires GPUs.

Akamai Technologies Inc. announced an $11.6 billion seven-year contract with artificial intelligence giant Anthropic, sending its shares up as much as 20% in after-hours trading on Thursday. The agreement will support Anthropic's CPU workload requirements through Akamai Cloud's distributed AI infrastructure and software, and adds to more than $2.8 billion in multi-year Cloud Infrastructure Services commitments Akamai announced earlier this year. Under the deal, Akamai issued Anthropic a warrant for non-voting convertible Series B Preferred Stock representing 7.7 million shares of Akamai common stock on an as-converted basis, or up to approximately 5% of the company's outstanding common stock, at an exercise price of $111.33 per share. About 2% of Akamai's common stock outstanding is expected to vest in connection with the $11.6 billion commitment, with the remaining approximately 3% vesting through expansion of the commitment up to an additional $9 billion within the seven-year warrant term, at roughly 1% of outstanding common stock for each additional $3 billion of cloud services purchased. Total capital expenditures related to the $11.6 billion commitment are estimated at approximately $5.5 billion, and the company expects no impact to its 2026 revenue guidance alongside an increase of approximately $1.7 billion in 2026 capital expenditures to secure and pre-purchase critical supply chain components, including memory.