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Alphabet prices $84.75 billion equity raise with Berkshire Hathaway leading private placement

The largest equity financing in corporate history signals AI infrastructure demand outpacing supply.

Alphabet announced on June 2, 2026 that it priced an $84.75 billion equity capital raise, up from an initial $80 billion announcement due to overwhelming demand. The offering includes $30 billion in underwritten public offerings, $40 billion in an at-the-market program beginning Q3, and $10 billion private placement with Berkshire Hathaway. CEO Sundar Pichai stated the company is "experiencing demand exceeding available supply" for AI compute infrastructure. Q1 2026 capital expenditure reached $35.7 billion, and full-year 2026 guidance is $180 billion to $190 billion. Google Cloud revenue was $20 billion in Q1, up 63 percent year-over-year, with a contracted backlog exceeding $460 billion that cannot be served without more infrastructure.

SpaceX acquires AI coding platform Cursor for $60 billion in all-stock deal

The aerospace and AI conglomerate expands beyond rockets and models into developer tools.

SpaceX announced on June 16, 2026 that it entered a formal agreement to acquire Cursor, the AI coding startup, for $60 billion in class A common stock. The deal, exercised via an option secured in April 2026, represents 3.4 percent dilution at SpaceX's IPO valuation. Cursor, founded in 2022, crossed $1 billion in annualized revenue in November 2025 and was ranked No. 37 on the 2026 CNBC Disruptor 50 list. The transaction is expected to close in the third quarter of 2026, subject to regulatory approvals. SpaceX, which merged with xAI earlier in 2026, said it looks forward to working with the Cursor team to advance frontier AI capabilities. Shares of SpaceX gained roughly 16 percent on the announcement, making it the fourth most valuable company in the U.S.

Anthropic accuses Alibaba of running the largest known distillation attack on Claude

25,000 accounts generated 28.8 million interactions to train Qwen between April and June 2026.

Anthropic sent a letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs on June 10, 2026, accusing Alibaba of "brazenly" and "illicitly" attempting to extract Claude's AI capabilities through what it called the largest known distillation attack on Anthropic to date. The company stated that operators affiliated with Alibaba and its AI lab carried out 28.8 million exchanges with Claude using roughly 25,000 fraudulent accounts between April 22 and June 5. Distillation is an AI training method where a smaller model is built using outputs from a stronger model. An Anthropic spokesperson said combating the threat of illicit distillation requires coordinated action between government and industry. This comes amid ongoing regulatory discussions, including an export control directive from the Trump administration that ordered Anthropic to suspend access to its Fable 5 and Mythos 5 models by any foreign national.

GitHub Copilot shifts to usage-based billing as developers report 10x to 50x cost increases

The June 1 change replaces flat-rate subscriptions with token-based AI Credits.

On June 1, 2026, GitHub Copilot transitioned from a request-based subscription model to usage-based billing measured in GitHub AI Credits. Premium Request Units were replaced by credits consumed based on actual token usage, including input, output, and cached tokens. Base plan prices remain unchanged: Copilot Pro at $10/month includes $10 in AI Credits, and Pro+ at $39/month includes $39 in credits. Code completions and Next Edit suggestions remain free and do not consume credits. However, power users reported bills jumping from $29 to $750 or $50 to $3,000, causing significant backlash. The change reflects Copilot's evolution into an agentic platform with higher compute demands. Annual plans are being retired, and there is no longer a fallback to cheaper models when credits are exhausted.

ServiceNow and Accenture team on AI-driven risk modernization

A new joint offering tackles the cost and complexity of migrating enterprises from legacy cybersecurity platforms to agentic AI.

ServiceNow (NYSE: NOW) and Accenture (NYSE: ACN) announced on June 29, 2026 a partnership delivering managed security services built on the ServiceNow AI Platform plus an Accenture AI-powered solution that automates migration from legacy systems. The collaboration addresses two primary barriers to enterprise risk modernization: cost and complexity. With data breach costs reaching $10.22 million per incident in the U.S. in 2025—a 9% year-over-year increase—and AI compressing vulnerability response times from months to hours, organizations need more than isolated security tools.

The offering includes unified integrated and third-party risk management, operational technology (OT) risk management, and proactive risk management with compliance monitoring. Accenture brings roughly 799,000 employees and $70 billion in FY25 revenue to the partnership, while ServiceNow processes over 100 billion workflows annually across its platform.

Inspira Enterprise becomes full-spectrum ServiceNow delivery partner

The global cybersecurity and AI services provider expands its partnership to cover the entire ServiceNow portfolio, anchored by its proven AI Control Tower deployment.

Inspira Enterprise announced on June 22, 2026 a strategic partnership that positions it as a trusted delivery partner for the full ServiceNow platform. The collaboration builds on Inspira's deployment of the ServiceNow AI Control Tower (AICT), which serves as an enterprise-wide governance layer for over 50 onboarded AI agents across identity and access management, threat and vulnerability management, cyber defense, risk management, and internal business operations.

Inspira reports a 40% increase in AI adoption and 35% improvement in operational productivity from its AICT implementation. With 550+ clients and 1,600+ professionals globally, Inspira now offers over 200 ready-to-deploy use cases across six industries. The ICNOW Center of Excellence integrates validated delivery capabilities across AICT, Veza, and Armis, providing enterprises a single trusted partner for integrated IT, security, and AI governance outcomes.

ServiceNow and IBM deepen AI data collaboration

A multi-year partnership aims to help enterprises modernize legacy systems and unlock data for agentic AI at scale.

On June 11, 2026, ServiceNow and IBM announced an expanded collaboration addressing two barriers to enterprise AI: the AI-ready data problem and the legacy application layer. The joint solutions focus on evolving existing systems rather than replacing them, combining IBM's AI, data, and automation capabilities with the ServiceNow AI Platform to move organizations from "AI ambition" to scalable outcomes.

The collaboration covers three areas: application modernization using IBM Bob and watsonx.data; enterprise data governance extending the ServiceNow Workflow Data Fabric with IBM watsonx.data for data quality, observability, and master data management; and autonomous infrastructure operations integrating tools like Red Hat Ansible, Instana, and Terraform into ServiceNow IT workflows. Solutions are expected to be available in the second half of 2026.