Thursday, October 1, 2026 · 11:21 AM ET
AI
AI-app and website hosting company Vercel is now generating about $600 million in annualized revenue ($50 million a month), up 148% from a year earlier and up from $500 million in July, as AI coding agents increasingly choose it to deploy software. Paying customers rose roughly 20%.
AI Infrastructure
SpaceX's AI unit held talks over the summer about leasing computing capacity to Microsoft, a sign Elon Musk has fully embraced the neocloud business. Selling compute has quickly become one of SpaceX's most lucrative businesses, generating billions of dollars a month in commitments from compute-constrained AI labs including Anthropic and Google.
Data Centers
Japan is aiming to speed up data centre development with a roughly $140bn investment scheme that leans on gas-trading giant Jera, Dell and Rhaelm, starting with a $15bn off-grid 400-megawatt campus near Tokyo in Chiba — among Asia's largest projects outside China — in a bid to become the largest AI infrastructure hub outside the US and China.