Good morning. Today’s wire is mostly about money and metal: SpaceX’s IPO filing put a dollar figure on Anthropic’s Colossus deal ($15B a year, which is a lot of money), Trump punted on his AI security executive order, and Hark pulled $700M out of investors who have apparently seen something the rest of us haven’t. On the model front, the Qwen rumor mill is spinning and Cohere’s Nick is fielding questions on Reddit.
Anthropic’s compute bill, itemized. SpaceX’s S-1 reveals Anthropic is paying $1.25 billion a month — $15 billion a year through May 2029 — for capacity at Colossus I and II in Memphis, per The Verge. The deal includes a 90-day termination clause and confirms yesterday’s Twitter chatter about Anthropic expanding onto GB200s at Colossus2. HN commenters keep circling the same question: why is xAI renting its compute advantage to a direct competitor? Several read it as a tacit concession that Grok isn’t winning the frontier race and infrastructure is the better business. A few also wondered, only half-jokingly, whether Elon could siphon weights off the network bus.
Trump shelves the model-disclosure EO. Trump declined to sign an executive order that would have required AI companies to hand advanced models to the government 14-90 days before release for security review, telling reporters the language “could have been a blocker” to US leadership over China — TechCrunch has the details. The less flattering version, also reported, is that not enough tech CEOs could make the signing ceremony on short notice. The order had been drafted in response to growing alarm about cyber-capable models like Anthropic’s Mythos and OpenAI’s GPT-5.5 Cyber.
Hark raises $700M for an assistant nobody has seen. Brett Adcock’s new venture, Hark, closed a $700M Series A at a $6B valuation despite revealing essentially nothing about the product, TechCrunch reports. The pitch: multimodal models this summer, dedicated hardware to follow, aimed at consumer utility rather than the coding-agent market Anthropic and OpenAI are fighting over. Seventy employees, an ex-Apple design director, and apparently a very persuasive demo.
Qwen 3.7 rumors and a 27B teaser. Two posts on r/LocalLLaMA this week — one suggesting another 27B is coming and one anticipating Qwen 3.7 open weights — are mostly wishlists at this point. The 16GB-VRAM crowd is lobbying hard for a 35B-A3B MoE, while the GPU-rich are dreaming of a 397B-A17B drop. Worth noting one commenter’s cold water: Qwen has never released the Max series openly, and the team announced in April it was shifting from disruption to monetization. Tempered expectations are advised.
Cohere quietly ships, Nick does the rounds. Cohere released a new model in the Command line — runs on as few as two H100s, with a more permissive license than its predecessors — and a company rep showed up on Reddit to take questions. Reception is warm-but-skeptical: longtime Command R+ fans appreciate the return and the looser terms, but several flagged the absence of benchmarks against MiniMax M2.7 or Mimo v2.5, and a few report the outputs feel filtered in a way that recalls GPT-OSS refusals.
China bans Nvidia’s China-only gaming chip. Beijing banned the RTX 5090D — the China-specific variant Nvidia built to comply with US export rules — reportedly while Jensen Huang was in town, per BlockNow. The timing is the story; the substance is another notch in the slow decoupling of the two markets.
That’s the briefing. Watch SpaceX’s filing for more line items like the Anthropic one — there are likely a few more eyebrow-raisers buried in there.