🗞️ AI access expands

Q: Anthropic plans to spend $200B on Google Cloud and chips over 5 years, representing ~43% of Alphabet

Anthropic plans to spend $200B on Google Cloud and chips over 5 years, representing ~43% of Alphabet's revenue backlog.

Q: DeepSeek is seeking funding at a ~$45B valuation—more than double its $20B April estimate—with China

DeepSeek is seeking funding at a ~$45B valuation—more than double its $20B April estimate—with China's state-backed Big Fund in talks to lead.

Q: Coinbase is cutting 700 jobs (14% of workforce) and ElevenLabs raised its Series D to $550M+, hittin

Coinbase is cutting 700 jobs (14% of workforce) and ElevenLabs raised its Series D to $550M+, hitting $500M ARR in the first four months of 2026.

Bay Area Times·Wednesday, May 6, 2026·7 min read

AI/ML Technology Business

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AI Summary

This newsletter covers major AI infrastructure and investment moves, including Anthropic's planned $200B spend on Google Cloud over 5 years and DeepSeek seeking funding at a ~$45B valuation. Google, Microsoft, and xAI will give the U.S. Commerce Department's CAISI early access to AI models for pre-release evaluation. Several companies including Meta and Google are building OpenClaw-style AI agents, while Coinbase is cutting 14% of its workforce citing AI-driven efficiency gains.

Key Facts

✓Anthropic plans to spend $200B on Google Cloud and chips over 5 years, representing ~43% of Alphabet's revenue backlog.

✓DeepSeek is seeking funding at a ~$45B valuation—more than double its $20B April estimate—with China's state-backed Big Fund in talks to lead.

✓Coinbase is cutting 700 jobs (14% of workforce) and ElevenLabs raised its Series D to $550M+, hitting $500M ARR in the first four months of 2026.

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