June 06, 2026
Google will pay SpaceX $920M per month for compute
Google has entered into a significant agreement with SpaceX, committing to pay $920 million monthly for computing services. This deal highlights the increasing demand for computational resources driven by Google's recent AI product launches. The partnership underscores the growing intersection of AI and space technology, with Google leveraging SpaceX's capabilities to meet its expanding needs.
New Funding Rounds
Policy & Regulation
New York lawmakers have passed a one-year moratorium on new large data centers, marking the first statewide ban of its kind. This move is intended to allow time for evaluating the environmental and economic impacts of such centers. The decision reflects growing concerns about the sustainability of data center expansion.
Industry Moves
AirTrunk has committed $30 billion to establish 5GW of AI data center capacity in India, showcasing the rapid expansion of data infrastructure in the region. This investment highlights the increasing demand for AI-driven data solutions and positions India as a key player in the global data center landscape.
Notable Takes
The AI industry's focus is shifting from rapid expansion to managing costs and implementing necessary guardrails. This change in conversation reflects the challenges of sustaining AI growth while addressing economic and ethical concerns.