The UK just put $220 million where its mouth is on the bet that AI chip economics are fundamentally broken. Fractile, a UK AI chip startup, raised $220 million to manufacture its first processors designed specifically for AI workloads
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Palmer Luckey's bet that Silicon Valley could build better war machines than Lockheed just became the most valuable defense startup in history. Anduril raised $5 billion at a $61 billion valuation, doubling its worth in under a year, led by Thrive Capital and Andreessen Horowitz
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Balaji Srinivasan is doing what he's always done: building parallel institutions where the old ones are too slow, except this time he's shopping for a host nation. Balaji Srinivasan pitched Malaysian officials on his crypto startup school project, seeking policy support to establish the program
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Microsoft's professional network is running the same playbook as its parent: flatten the org chart, cut the headcount, tell the survivors AI will make up the difference.
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Anthropic just figured out how to stop AI power users from draining their entire subscription business model — by inventing a two-tier credit system that makes "unlimited" mean two different things at once.
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The jury about to decide OpenAI's fate just heard what happens when the world's richest man loses an argument about building God.
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The hardware giant that powered the internet's pipes is betting it can build the infrastructure for the agent economy—if it fires enough people first. Cisco announced thousands of job cuts alongside a better-than-expected sales forecast, framing the layoffs as a strategic pivot to AI infrastructure
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The gap between having ChatGPT and knowing what to do with it just became a billion-dollar consulting opportunity. OpenAI is acquiring a consulting firm to create a private equity-backed joint venture with TPG Inc. focused on AI adoption across businesses
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The playbook for scaling AI infrastructure in 2026: deploy first, ask permission never, and add more capacity while the lawyers argue.
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If Anthropic closes this deal, it becomes worth more than Meta, Tesla, or Berkshire Hathaway without ever shipping a consumer hit anyone outside tech Twitter talks about.
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While Nvidia prints money selling picks and shovels, Cerebras just bet $4.8 billion that the entire mine is designed wrong. Cerebras priced its IPO at $185 per share, targeting a $4.8 billion raise after upsizing the offering by one-third due to strong demand
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When the world's richest man tries to settle with the SEC for pocket change, even federal judges smell something off. A federal judge rejected a $1.5 million settlement between Elon Musk and the SEC over his delayed disclosure of his Twitter stake in 2022, citing "red flags"
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Battery makers don't usually buy data centers unless they see something coming that needs both. CATL-linked investors are buying up to 38% of VNET Group, a Chinese data center operator, for $942 million
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Private equity doesn't write billion-dollar checks to sell software—they write them when the market for deploying software is bigger than the market for building it.
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The man who helped assemble the most expensive research team in AI history wants you to know it's not about the paychecks. Meta AI chief Alexandr Wang pushed back on claims his SuperIntelligence Lab researchers are mercenaries, despite reports of $100 million offers to poach talent from rivals.
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The biggest bet in tech history just got a price tag, and it's larger than the GDP of most countries. Microsoft has spent over $100 billion on its OpenAI partnership, making it the largest single investment in AI infrastructure to date
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The company that made billions reading your data now wants credit for promising not to read your AI conversations. Meta launched Incognito Chat with end-to-end encryption, claiming it's "the first major AI product where there is no log of your conversations stored on servers"
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White-glove wealth management is about to become a commodity service, and the democratization weapon is an API. Charles Schwab plans to deploy AI to extend premium wealth management services, historically reserved for high-net-worth clients, to less-affluent customers
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The AI model too dangerous to release widely just got its first institutional customers, and everyone locked out is scrambling to build their own.
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Hollywood's gatekeepers just handed $12 million to the thing that makes their entire cost structure obsolete. TrueShort raised $12 million in seed funding led by Keith Rabois at Khosla Ventures, with Jeffrey Katzenberg's WndrCo, A24's Ravi Nandan, and General Catalyst joining the round
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