ai-news
Google Cloud crossed $20.03B in Q1 2026 revenue (+63% YoY) but Sundar Pichai openly conceded the segment is "compute constrained in the near-term." Backlog doubled to $462B; Gemini API throughput hit 16B tokens per minute — both signals that demand has structurally outrun supply.
ai-news
Satya Nadella told TechCrunch he is "ready to exploit" the restructured OpenAI partnership — Microsoft no longer owes a revenue share, the license is non-exclusive, and Azure can price OpenAI's tech to enterprise without a markup. The competitive math just changed.
ai-news
OpenAI's Stargate Project — a $500B compute build-out with SoftBank, Oracle and MGX — now has visible construction at all seven US sites and a pathway to over 9 GW of capacity by 2029. The same week, OpenAI released an Intelligence Age policy paper introducing the "Right to AI".
Funding
Former Twitter CEO Parag Agrawal's Parallel Web Systems raised a $100M Series B led by Sequoia Capital at a $2B valuation — more than double its Series A mark from five months ago. Customers include Harvey, Attio, Modal and Rogo, and Sequoia's Andrew Reed joins the board.
ai-news
OKX rolled out the Agent Payments Protocol (APP), an open standard letting AI agents run full commercial cycles on-chain — from quotes and escrow to disputes — with backing from AWS, Alibaba Cloud, Base, Solana, Sui, Aptos, the Ethereum Foundation, Uniswap, Paxos and Nansen.