# The biggest AI deals this week: rounds, loans and spending plans

By Spezia. Published November 10, 2026. Updated November 10, 2026.
Canonical page: https://spezia.ai/blog/biggest-ai-deals-this-week

## The short answer

This page lists the largest AI deals reported in the last two weeks, with the amount, the parties and the report each figure was read from. A funding round, a loan and a spending plan are different things, so they are never added together. The tables update live from Spezia's deal ledger, and every row links to its source.

- Each deal is counted once, however many outlets reported it.
- A funding round, a loan, an acquisition and a spending plan are different kinds of money and are shown separately.
- Rumors are tagged and left out of the totals and rankings.
- Every amount is stored with the sentence it was read from, and a second check confirms the figure matches.
- The most active organizations are ranked by how often they appear in the week's stories.

## What are the largest AI deals right now?

These are the biggest deals reported in the last two weeks, ranked by amount. Each row says what kind of money it is, who is on each side, and links to the report it was read from.

**Largest reported AI deals this fortnight** (data read Nov 11, 2026)

Each deal is counted once however many outlets reported it, and every amount is shown with the report it was read from. Different kinds of money are never added together.

| Date | Deal | Amount | Source |
| --- | --- | --- | --- |
| Nov 8, 2026 | Acquisition: Lumentum (from Marvell Technology) | $115B | [optica-opn.org](https://www.optica-opn.org/home/industry/2026/november/marvell_makes_us$115_billion_bet_on_lumentum_and_ai_optics/) |
| Nov 8, 2026 | Contract: SpaceX (from Anthropic) | $84.5B | [wccftech.com](https://wccftech.com/elon-musk-says-dont-cry-in-the-casino-when-talking-about-a-hit-to-spacex-revenue-ai-compute-agreements-worth-billions-of-dollars/) |
| Nov 8, 2026 | Equity round: Anthropic | $64.4B | [channelnewsasia.com](https://www.channelnewsasia.com/business/anthropic-eyes-14-trillion-ipo-valuation-in-test-wall-streets-ai-fervor-6539066) |
| Nov 6, 2026 | Debt: Broadcom | $63B | [chaincatcher.com](https://www.chaincatcher.com/en/article/2302663) |
| Nov 8, 2026 | Spending plan: Microsoft | $45.2B | [pymnts.com](https://www.pymnts.com/news/artificial-intelligence/2026/big-tech-faces-tougher-scrutiny-of-ai-spending-after-selloff/) |
| Nov 6, 2026 | Debt: Anthropic (from Broadcom) | $42B | [chaincatcher.com](https://www.chaincatcher.com/en/article/2302663) |
| Nov 7, 2026 | Debt: SpaceX | $40B | [fourweekmba.com](https://fourweekmba.com/ai-apollos-75b-chip-deals-for-spacex-anthropic-top-neoclouds/) |
| Nov 8, 2026 | Debt: Microsoft | $25B | [pymnts.com](https://www.pymnts.com/news/artificial-intelligence/2026/big-tech-faces-tougher-scrutiny-of-ai-spending-after-selloff/) |

A large number is not always a large transaction. Read the kind of deal before the amount, because a spending plan that runs for years is not the same as cash raised this month.

## Which organizations are most active?

The ranking below counts how often each organization appears in the week's stories, and shows what it has been reported to raise. It is a view of attention, not of size.

**Most active this week** (data read Nov 11, 2026)

Ranked by how often each organization appears in this week's stories. Amounts are what it has been reported to raise.

| Organization | Stories | Reported raised | Lead story |
| --- | --- | --- | --- |
| Anthropic | 76 | $193B | [Anthropic's IPO filing shows $16.96B quarterly revenue, a Q3 operating loss and $895.4B in infrastructure commitments.](https://gomarkets.com/en-au/articles/anthropic-ipo-5-critical-risks-traders-are-watching) |
| Nvidia | 50 | None reported | [NVIDIA's supply and capacity commitments jumped to $79 billion from $19 billion as Vera Rubin shipments began.](https://www.quanport.net/en/discuss/404ab9c6-eb72-42d5-beee-495e44474426) |
| OpenAI | 43 | $11B | [OpenAI closed the first $11 billion of a new round at a $1.25 trillion valuation, while Anthropic prepares an IPO.](https://x.com/OnCoinLive_/status/2118933596287455387) |
| Google | 34 | None reported | [Constellation signed long-term nuclear PPAs with Walmart, Amazon and Google to power data-center demand and fund capacity expansions.](https://www.sec.gov/Archives/edgar/data/1868275/000186827526000119/ceg-20260930.htm) |
| Meta | 23 | None reported | [Vistra signed 20-year PPAs to supply Meta 2,609 MW of carbon-free nuclear power in PJM.](https://www.sec.gov/Archives/edgar/data/1692819/000169281926000025/vistra-20260930.htm) |
| Microsoft | 16 | $25B | [Constellation restarts Three Mile Island Unit 1 as Crane Clean Energy Center under 20-year Microsoft power deal.](https://www.sec.gov/Archives/edgar/data/1868275/000186827526000119/ceg-20260930.htm) |
| SpaceX | 12 | None reported | [SpaceX's Anthropic compute deal pays $1.25 billion monthly through May 2029, with 90-day termination clauses.](https://www.teslarati.com/spacexs-anthropic-deal-has-a-catch-and-elon-musk-just-addressed-it/) |
| DeepSeek | 10 | $15B | [DeepSeek's open-source Harness agent app reached 1.54 million daily active users consuming 92 trillion tokens per day.](https://www.aibase.com/news/32172) |

## What kinds of AI deals are there?

Spezia separates seven kinds of money, because adding them together gives a number that means nothing.

- **Equity round.** Money invested in a company in return for ownership.
- **Debt.** A loan or a bond. The money must be repaid.
- **Grant.** Money given for a purpose, often by a government.
- **Acquisition.** One company buying another.
- **Contract.** An agreement to buy or supply goods or services, such as computing capacity or a power supply.
- **Spending plan.** A company's stated plan to spend over time, often called capital expenditure.
- **Valuation.** What a company is said to be worth. It is a measure, not money that moves.

The same commitment is often reported in two or three of these ways at once, so Spezia counts it once.

## How do you read an AI funding headline?

Six questions catch most of the confusion.

1. **What kind of money is it?** A round, a loan and a spending plan are different.
2. **Who pays, and who receives?** Parties must be named organizations, not "investors" or "hyperscalers".
3. **Is it confirmed?** Rumored deals are tagged, and a reported plan is not a signed deal.
4. **Is it one deal or many reports?** One round is often reported by dozens of outlets.
5. **Is it a valuation or a raise?** A valuation is what a company is said to be worth. A raise is cash in.
6. **Over what period?** A multi-year plan is not this year's spending.

## How does Spezia check the amounts?

Every amount is stored with the sentence it was read from, and a second check confirms that the figure matches that sentence. Rumors are tagged and kept out of the totals. Amounts in other currencies, and amounts too large to be what they claim, are left out. Reports of one deal are merged, so the biggest deals are not counted twice.

Spezia is a research product, not an adviser. Nothing here is investment advice, and Spezia does not recommend securities.

See every round, loan, acquisition, contract and spending plan with the amount, the parties and the sentence it was read from. Ask Spezia who else an investor backed. [Open the funding tracker](https://spezia.ai/tools/funding)

## How this was made

The deals are read live from Spezia's ledger of AI money, built from announcements, filings and press reports. Each amount is stored with the sentence it was read from and checked against it. Reports of one deal are merged. Rumors are tagged and excluded from rankings. Amounts in other currencies, and amounts too large to be what they claim, are left out. The tables refresh within hours of each update.

## Frequently asked questions

### What was the biggest AI funding round this week?

The table at the top of this page lists the largest deals reported in the last two weeks, ranked by amount, with the kind of deal and the source. It changes as new deals are reported, so the answer is whatever is first in the table now.

### What is the difference between a funding round and a spending plan?

A funding round is money invested in a company in return for ownership. A spending plan is a company's stated intention to spend over time, often several years. One is cash coming in, the other is cash planned to go out, so Spezia never adds them together.

### Does Spezia include rumored deals?

Rumored deals are tagged in the ledger and left out of the totals and rankings. A reported plan and a signed agreement are different things, and Spezia keeps them apart so a rumor never looks like a confirmed deal.

### How are deals counted when many outlets report the same one?

Once. Spezia merges reports of the same deal into one row, keeps the best-sourced report, and lists every party named in any of them. That keeps a widely covered round from appearing as many separate deals.

### Is this investment advice?

No. It is research to inform your own decisions. Spezia is not a licensed adviser and does not recommend securities.

## Sources

1. [Funding tracker: rounds, debt, acquisitions and spending plans](https://spezia.ai/tools/funding), Spezia
2. [Company tracker: every AI lab, company and investor](https://spezia.ai/tools/companies), Spezia
3. [AI Intel: ten areas of AI, read in full and checked](https://spezia.ai/tools/ai-intel), Spezia

## Cite this

Spezia. "The biggest AI deals this week: rounds, loans and spending plans" Spezia, November 10, 2026. https://spezia.ai/blog/biggest-ai-deals-this-week