Amazon ties up to $8 billion of generator orders to a stock warrant in Generac
The AI stack on 16 September 2026. 5 moves, 2 with a primary source.
Amazon ties up to $8 billion of generator orders to a stock warrant in Generac
· L1 Power and land · warrant for up to 1,693,745 Generac shares at $200.9266 (about $340m at that price), of which 307,954 vested immediately; remainder vests against Amazon payments up to a total of $8bn; initial deliveries expected to total $2.4bn in 2027-2028; warrant exercisable to Sept 16, 2033 · Confirmed
Generac, a Wisconsin company best known for home backup generators, has signed a long-term supply agreement with Amazon for generators that keep data centres running when the power grid fails. The headline number is 8 billion dollars, but the filing is careful about what that number is: it is the ceiling on Amazon payments that a stock warrant vests against, not a sum Amazon has committed to spend. What Amazon has firmly scheduled is 2.4 billion dollars of deliveries in 2027 and 2028, which is about 30 percent of the ceiling. In exchange, Generac handed an Amazon subsidiary the right to buy up to 1,693,745 of its shares at 200.93 dollars each, about 340 million dollars of stock at that price, and roughly a fifth of it vested the moment the deal was signed. The rest only vests as Amazon actually pays. AI data centres cannot go dark during a grid outage, so backup power has become one of the most fought-over pieces of equipment in the industry. If you notice new generator pads or fuel storage tanks near a data centre in your area over the next two years, this kind of deal is why.
Anthropic signs its first Australian data centre deal, a Queensland campus that could reach $32 billion
· L1 Power and land · A$31.9bn total project value reported; up to 2.16GW peak capacity; lease documentation signed for the first stage only; Dexus takes 25 percent of the consortium with Zerra DC and Macquarie Capital; FIRB and planning approvals still pending; 725.5 hectare site, currently a cattle feedlot · Reported
Anthropic has signed lease documentation for the first stage of its first data centre in Australia, a campus on Queensland's Western Downs being built by Singapore based developer Zerra DC, with Dexus taking a 25 percent interest in the consortium and Macquarie Capital also involved, according to Australian property trade press. The full project is reported at up to 31.9 billion Australian dollars and a peak capacity of 2.16 gigawatts, which the same report puts at roughly the average power draw of 1.5 million Australian homes. Only the first stage is signed, deliveries are planned in stages from 2027, and the project still needs clearance from Australia's Foreign Investment Review Board and local planners. The site is a 725.5 hectare cattle feedlot today. The report says the campus will run Claude for answering user queries rather than training new versions of it, so if you use Claude, some of your questions may eventually be answered by computers standing where 24,000 head of cattle stand now.
OpenAI is reportedly weighing a new funding round that would nearly double its valuation to about $1.5 trillion
· Band Money · reportedly ~$1.5tn under consideration vs a separate investor proposal at $1.2tn and OpenAI's current $730bn valuation; New York Times report, unnamed sources · Reported
OpenAI is reportedly considering a new funding round that would value the company at about 1.5 trillion dollars, roughly double its most recent valuation of 730 billion dollars, according to a New York Times report citing unnamed people familiar with the discussions. A separate group of investors is said to have proposed investing at a lower, 1.2 trillion dollar valuation. Nothing is confirmed, OpenAI has not announced a round, and every figure here comes from people who were not named. If it happens near these numbers it would be one of the largest private company valuations ever recorded, but for now it changes nothing for anyone who uses OpenAI's products.
Baseten moves tool calls onto its own servers so AI agents stop making a round trip for every web search
· L5 Tooling and infrastructure · Baseten says Hosted Tools cuts end-to-end latency 15 percent versus client-side tools; first tool is web search, launching with Exa, Keenable, Parallel and You.com; playground preview limited to 25 requests per minute with $2 of free credits · Confirmed
Baseten, a company that hosts AI models for other businesses to run, has launched Hosted Tools, which lets a model call something like a web search from inside Baseten's own inference stack instead of handing the request back to the application and waiting for an answer to come back. Baseten says its own benchmarks show a 15 percent cut in total response time against the older method, a company figure with no independent test behind it yet. The first tool is web search, and rather than build one, Baseten has plugged in four existing search providers: Exa, Keenable, Parallel and You.com. This is the kind of plumbing that makes an AI assistant feel quicker when it has to go and look something up, without you ever seeing the change.
Taiwan's Winbond buys Infineon's NOR Flash chip business for $1.12 billion amid a memory price surge
· L2 Silicon · $1.12bn all-cash (NT$35.6bn), expected close H2 2027; NOR Flash and F-RAM operations; TrendForce expects Winbond's combined NOR Flash share to reach about 34 percent; NOR Flash contract prices up 100-120% in H1 2026, high-capacity products projected up a further 90-110% in H2 · Reported
Winbond, a Taiwanese memory chip maker, has agreed to buy Infineon's NOR Flash and F-RAM chip business for 1.12 billion dollars in cash, in what trade press calls Taiwan's largest overseas memory acquisition. The deal is expected to close in the second half of 2027, and industry data firm TrendForce expects it to take Winbond's share of the global NOR Flash market to roughly 34 percent. NOR Flash is an older, simpler type of memory chip used for storage in cars, appliances and industrial gear. TrendForce says a sharp shift in supply and demand has already pushed contract prices up 100 to 120 percent in the first half of 2026, with a further 90 to 110 percent rise projected for high-capacity parts in the second half. If an electronic device you buy in the next year costs more or takes longer to arrive, this kind of memory shortage is part of the reason.