Loading page
The largest announced agreements for renting or committing to GPU and TPU capacity — from press releases, regulatory filings and reporting. Figures are what was publicly disclosed, with the sources for each deal linked below. For the rates you can actually rent at today, see the live GPU pricing table.
| Announced | Buyer | Seller | Value | ||
|---|---|---|---|---|---|
| Aug 2026 | Anthropic | Lambda | $35B (reported) | Capacity commitment | — |
| Jun 2026 | SpaceX | $30B (reported) | Compute rental | ~$11.46/chip-hr | |
| May 2026 | Anthropic | xAI | over $40B | Compute rental | ~$7.78/chip-hr |
| Apr 2026 | Jane Street | CoreWeave | $6B | Capacity commitment | — |
| Apr 2026 | Meta | CoreWeave | $21B (reported) | Capacity commitment | — |
| Jan 2026 | OpenAI | Cerebras | over $20B | Investment + compute | — |
| Nov 2025 | Anthropic | Microsoft Azure | $30B | Investment + compute | — |
| Nov 2025 | Microsoft | IREN | $9.7B | Compute rental | — |
| Nov 2025 | Microsoft | Lambda | Undisclosed | Compute rental | — |
| Nov 2025 | OpenAI | AWS | $38B | Capacity commitment | — |
| Oct 2025 | OpenAI | Microsoft Azure | $250B | Capacity commitment | — |
| Oct 2025 | Anthropic | Google Cloud | Undisclosed | Capacity commitment | — |
| Oct 2025 | Meta | Oracle | $20B (reported) | Capacity commitment | — |
| Sep 2025 | Meta | CoreWeave | $14.2B | Capacity commitment | — |
| Sep 2025 | OpenAI | Oracle | $300B (reported) | Capacity commitment | — |
| Sep 2025 | Microsoft | Nebius | $17.4B | Compute rental | — |
| Aug 2025 | Meta | Google Cloud | over $10B | Capacity commitment | — |
| Mar 2025 | OpenAI | CoreWeave | up to $22.4B | Capacity commitment | — |
Implied rate is shown only for deals disclosed as a monthly payment for a stated chip count (typically via filings), computed as monthly cost ÷ (chips × 730 hours). It is an all-in figure — these contracts bundle CPUs, networking, storage and facilities — so it is not comparable one-to-one with per-GPU on-demand rates. Headline totals are never divided into hourly rates: they bundle options, phased deployments and non-GPU infrastructure.
Anthropic signed a cloud computing agreement worth approximately $35 billion over about six years with NVIDIA-backed Lambda, first reported by the WSJ. NVIDIA holds the lease on the Texas facility and supplies the chips Lambda resells to Anthropic.
Sources: Bloomberg · Reuters via Investing.com
Disclosed in a SpaceX regulatory filing ahead of its IPO: Google agreed to pay SpaceX $920 million per month from October 2026 through June 2029 — roughly $30 billion total — for access to about 110,000 NVIDIA GPUs housed in xAI's data centers.
Sources: CNBC · TechCrunch
Disclosed in SpaceX's S-1 filing: Anthropic agreed to pay xAI roughly $1.25 billion per month through May 2029 — potentially over $40 billion total — to lease about 300 MW of compute spanning the entire Colossus 1 data center. A rare case of one frontier lab renting a rival's cluster outright.
Sources: TechCrunch · Network World
Trading firm Jane Street signed a ~$6 billion AI cloud agreement with CoreWeave for capacity on NVIDIA Vera Rubin systems, alongside a $1 billion equity purchase — a sign that large-scale compute buying now extends beyond AI labs and hyperscalers.
Sources: CoreWeave
Meta expanded its CoreWeave relationship with an additional commitment of approximately $21 billion for AI cloud capacity through December 2032, bringing its total CoreWeave commitments to roughly $35 billion on top of the September 2025 deal.
Sources: CNBC · AI Business
OpenAI committed to buy 750 MW of wafer-scale AI inference capacity from Cerebras over three years, receiving warrants for a minority equity stake. Early reports pegged the deal at over $10 billion; Cerebras later confirmed more than $20 billion.
Sources: The Information · Yahoo Finance
Anthropic committed to purchase $30 billion of Azure compute capacity, with an option to contract up to 1 GW more on NVIDIA Grace Blackwell and Vera Rubin systems. In the same three-way alliance, NVIDIA agreed to invest up to $10 billion in Anthropic and Microsoft up to $5 billion.
IREN signed a five-year, ~$9.7 billion GPU cloud services contract — including a 20% prepayment — giving Microsoft access to NVIDIA GB300 GPUs deployed in phases through 2026 at IREN's Childress, Texas campus.
Sources: IREN · Data Center Dynamics
Lambda announced a multibillion-dollar, multi-year agreement to deploy AI infrastructure for Microsoft powered by tens of thousands of NVIDIA GPUs including GB300 NVL72 systems. The exact dollar value and GPU count were not disclosed.
OpenAI signed a $38 billion, seven-year agreement giving it access to AWS infrastructure comprising hundreds of thousands of NVIDIA GPUs for training and inference — its first major cloud deal with Amazon, enabled by the end of Microsoft's right of first refusal.
As part of its for-profit recapitalization — which left Microsoft with a ~27% stake — OpenAI committed to purchase an incremental $250 billion of Azure services, while Microsoft gave up its right of first refusal on new OpenAI cloud workloads.
Anthropic agreed to expand its use of Google Cloud TPUs in a deal both companies described as worth 'tens of billions of dollars' (no exact figure disclosed), giving it access to up to one million TPUs and bringing well over a gigawatt of capacity online in 2026.
Sources: Google Cloud · CNBC
Oracle confirmed a multiyear cloud deal to supply Meta with computing power for training and deploying AI models. Bloomberg and Reuters reported the value at about $20 billion, a figure the companies did not officially confirm.
Sources: CNBC · Reuters via Investing.com
Meta signed a $14.2 billion agreement with CoreWeave running through December 2031 for AI cloud capacity on NVIDIA GB300 systems, with an option to materially expand through 2032.
Sources: CNBC · Data Center Dynamics
OpenAI agreed to purchase roughly $300 billion of Oracle cloud compute over about five years starting in 2027, tied to 4.5 GW of new Stargate data center capacity in the US. The figure was first reported by the WSJ; the companies never published it themselves.
Sources: SiliconANGLE · Data Center Dynamics
Microsoft signed a five-year, $17.4 billion agreement — expandable to $19.4 billion — with Nebius for dedicated GPU infrastructure capacity from a new data center in Vineland, NJ, Nebius's first long-term contract with a major tech company.
Meta signed a six-year cloud deal with Google Cloud worth more than $10 billion, covering servers, storage, networking and AI infrastructure services. The figure was reported by CNBC and Bloomberg via sources rather than announced by the companies.
CoreWeave's initial March 2025 agreement with OpenAI was worth up to $11.9 billion and included OpenAI taking equity; expansions of up to $4 billion (May 2025) and up to $6.5 billion (September 2025) brought the cumulative contract value to about $22.4 billion.
You don't need a nine-figure commitment. Tell us the model, count and duration you need and we'll reply with providers worth talking to, based on the pricing and capacity data we track.
Send a sourcing request