AI Deals, AU Policy Shifts

By the Dovetail editors · 4 min read

TL;DR

Anthropic signs a $1.25B/month compute deal with xAI, reshaping cloud economics
WA government chasing access to Anthropic's Claude Mythos model
Australia's Industry Growth Program paused, adding to startup grant uncertainty
Nvidia posts another record quarter with $43B in startup holdings

AI · Worldwide

Anthropic paying xAI $1.25B monthly for compute

Anthropic has locked in a massive compute deal with Elon Musk's xAI worth $1.25 billion per month, revealed through SpaceX's IPO filing. It's one of the largest known infrastructure contracts between rival AI labs and signals just how constrained GPU capacity remains.

Nvidia hits another record, holds $43B in startups

Nvidia reported record quarterly revenue again, though it flagged slowing growth ahead. The filing also revealed $43 billion in startup holdings, underlining how deeply the chipmaker is embedded across the AI ecosystem.

OpenAI disproves 80-year-old geometry conjecture

OpenAI says its reasoning model has disproven a geometry conjecture that stood since 1946. This time the claim has independent backing from mathematicians who previously called out a botched attempt.

Australian Tech

WA govt negotiating access to Anthropic's Mythos

Western Australia's CIO confirmed the state is in active discussions with a major software vendor to gain access to Anthropic's Claude Mythos model. It's part of what officials described as an AI procurement "arms race" among state governments.

Industry Growth Program paused, startup funding uncertain

The federal government has paused the Industry Growth Program, a key grants pipeline for early-stage companies. The move adds to broader anxiety around startup support as grant programs and tax reform remain in flux.