February 10, 2026 - AI infrastructure capital spending continues to climb as regulators begin examining data center impacts on energy and water resources.
🧭 Key Highlights
💰 Alphabet raises $20 billion in bonds for AI data center expansion
🚀 Anthropic closes over $20 billion in funding at $350B valuation
🏛️ US government advances AI data center compact addressing energy and water impact
💻 Positron AI raises $230 million for energy-efficient AI inference
🌏 G42 partners with Vietnamese consortium on AI and cloud infrastructure
Funding and Capital Spending
💰 Alphabet Raises $20 Billion in Bonds
According to Reuters, Google parent Alphabet sold $20 billion in a seven-part series of senior unsecured notes in the U.S. high-grade bond market on Monday. The company is planning an additional sterling offering which could include a rare 100-year bond. This follows Oracle’s $25 billion note sale disclosed on February 2, as AI companies rapidly increase borrowing to expand data-center presence and processor needs. The five major AI hyperscalers issued $121 billion in U.S. corporate bonds last year, and the Big Six hyperscalers are on track to spend $500 billion this year.
🚀 Anthropic Closes Over $20 Billion Funding
According to Reuters, AI startup Anthropic is finalizing a funding round expected to raise more than $20 billion, slated to close as soon as next week. The Claude chatbot maker initially sought $10 billion but is now on track to raise more than double that amount at a $350 billion valuation due to excess investor interest.
💻 Positron AI Raises $230 Million
According to Newswire, Positron AI closed a $230 million Series B funding round at a valuation exceeding $1 billion. The company focuses on developing energy-efficient AI inference technology aimed at reducing energy costs for AI model operation.
Policy and Regulation
🏛️ US Government Advances AI Data Center Compact
According to Reuters, the Trump administration wants technology companies to commit to a new compact concerning AI data centers. The draft compact sets out commitments to ensure data centers do not raise household electricity prices, strain water supplies, or undermine the energy grid. It also specifies that companies driving demand should carry the cost of new infrastructure. Politico noted that the proposed agreement could be subject to change.
International Collaboration
🌏 G42 Partners with Vietnamese Consortium
According to Developing Telecoms, UAE-based AI company G42 and a Vietnamese consortium announced an AI and cloud-focused initiative to advance AI and cloud infrastructure in the region.
Developer Tools
💻 NVIDIA Partners with Cursor for AI Development
According to the Cursor Blog, NVIDIA commits to delivering 3x more code across 30,000 developers through Cursor, demonstrating the rapid adoption of AI-assisted development tools in enterprise applications.
🔍 Infra Insights
Today’s news points to core trends in AI infrastructure: unprecedented capital spending surge and emerging data center governance.
On one hand, Alphabet and Oracle’s massive bond offerings, Anthropic’s $20 billion funding round, and hyperscalers’ projected $500 billion annual spending mark AI infrastructure construction entering an unprecedented capital-intensive phase. This reflects a shift from model competition to infrastructure competition, while companies like Positron AI focused on energy efficiency demonstrate growing demand for sustainable inference technologies.
On the other hand, the AI data center compact advanced by the U.S. government federalizes for the first time the external costs of data center expansion—electricity prices, water resources, and energy grid pressure. This signals the end of the “wild growth” era for AI infrastructure, with stricter energy and water regulation ahead. Companies must integrate sustainability and community impact into core infrastructure planning considerations.
The parallel development of a capital surge and governance normalization indicates AI infrastructure is moving from a “growth at all costs” phase into a new era of “responsible expansion.”