Under the agreement the companies signed Friday, Google will pay that amount monthly from October through June 2029. Between now and September, the company will pay reduced fees as SpaceX increases capacity, according to the filing.
If SpaceX fails to provide access to the computing by September 30, Google can, after a one-month grace period, terminate the agreement or accept the available computing for a reduced fee. Additionally, after Dec. 31, either company can terminate the agreement with 90 days’ notice, according to the filing.
“The compute capacity provided includes approximately 110,000 Nvidia GPUs, CPUs, memory and other related components,” SpaceX said in the filing.
CNBC I mentioned On Friday, a Google spokesperson said the company struck the deal “to ensure we have the capacity to meet growing customer demand on our agent platform.” Gemini FoundationWhich was higher than we expected.”
This news came two days after Google’s parent company alphabet It said it had increased its benchmark stock offering to expand its reach Artificial intelligence infrastructure. The company said on Wednesday (June 3) that it plans to raise $84.75 billion in capital. This was an increase from the $80 billion that it announced two days ago.
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When Alphabet first announced the stock offerings on Monday (June 1), the company said in a press release that demand for its AI solutions and services exceeds available supply.
“By expanding the scope of its investments, the company seeks to expand its core infrastructure to support the next significant growth opportunities,” Google said in a press release on Monday.
Meanwhile, SpaceX SpaceXAI May 6 Company announced that it has signed an agreement with Anthropic To provide that company with access to SpaceXAI Supercomputer powered by artificial intelligence Colossus 1. Later, on May 20th Registration statement For an IPO, SpaceX said Anthropic has agreed to pay it $1.25 billion a month through May 2029, with reduced fees for May and June as capacity increases.
PYMNTS reported on May 21 that in its registration statement, SpaceX indicated that the next AI economy will be one with ownership Artificial intelligence infrastructure.
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