Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Sources: Anthropic bought commitments for 1.7GW of gas-fired generators from equipment supplier OnePWR for $3.4B, the largest known such purchase by an AI lab (Martha Muir/Financial Times)

AI lab bypasses traditional suppliers to secure scarce equipment as demand for energy surges — Anthropic has struck a massive deal …

Anthropic has struck a $3.4 billion deal to secure commitments for 1.7 gigawatts of gas-fired generators from equipment supplier OnePWR Solutions. According to the Financial Times, this represents the largest known purchase of its kind by an AI laboratory. The transaction, which reportedly took place in late September, includes the engineering and construction capabilities required to install the equipment.

Investing.com reports that the deal involves Anthropic taking over existing equipment orders that OnePWR had placed with Caterpillar approximately two years ago. While Anthropic originally planned to be a customer of OnePWR, it instead opted to take over the orders to secure the heavy-duty generators. This move comes as AI developers seek greater control over electricity supplies and infrastructure due to surging demand and manufacturing lead times that stretch years into the future.

Brief written by urgent.news from Techmeme, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at ft.com →

More in Finance & Markets

Top NGX-listed tech companies ranked by revenue growth in 2026

Technology and telecommunications companies listed on the Nigerian Exchange (NGX) recorded varying revenue performances in 2026, with.

  • Omatek Ventures led with 650% revenue growth in 2026
  • MTN Nigeria Communications grew 23.6% in revenue for same period
  • Legend Internet saw 7.4% decline in revenue to N1.10 billion

Why Qualcomm Stock Fell 9% Despite Beating Earnings Estimates

Investors are worried the future may not be nearly as bright as management suggests, or arrive there as quickly as implied.

  • Qualcomm's stock fell 9% despite beating earnings estimates
  • Revenue dropped 7% year-over-year to $10.4 billion
  • CEO anticipates modest non-handset revenue growth

More from Sunday 8 November →