The world's most important chipmaker just told the world's only maker of the machines that make chips: your latest tech is too expensive, we'll pass. TSMC is skipping ASML's high-NA EUV lithography machines through 2029, citing cost as the reason
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Taiwan's banks are building their own AI instead of renting it from OpenAI or Anthropic, and that tells you everything about where enterprise AI is actually heading. Taiwan is launching a consortium to build a finance-specific large language model, bypassing global AI platforms entirely
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The AI hardware race just blew a $200 billion hole in America's trade deficit, and no amount of tariff talk can plug it. A Federal Reserve study found AI-related imports added roughly $200 billion to the U.S. trade deficit, even as tariff policies aimed to shrink the gap
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SK Hynix just posted a 5x profit jump, and the only surprise is that anyone's still surprised by how much money flows to whoever controls the memory that powers AI. SK Hynix reported a five-fold quarterly profit increase driven by soaring prices for AI memory chips, beating analyst estimates
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Microsoft just bet $18 billion that Australia is the new AI frontier, and it's not about kangaroos. Microsoft commits $18 billion to Australian AI infrastructure by 2029, its largest investment in the country ever
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Elon Musk just announced Tesla is building its own chip fab in Texas, and the real story isn't the $3 billion price tag. Tesla plans to spend roughly $3 billion to build a research chip factory in Texas, marking the company's move from chip design to chip manufacturing
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Elon Musk just told investors Tesla will spend $25 billion this year on AI infrastructure, and if you think that's about cars, you're not paying attention.
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AI drug design tools are flooding pharma labs with millions of molecular candidates, but nobody can tell which ones are worth synthesizing until they burn months and millions in the lab.
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Bitcoin miners are liquidating rigs and raising nine figures to chase AI infrastructure, and the market is rewarding them for it. Hive Digital raised $115 million while Keel (formerly Bitfarms) sold off mining facilities as both pivot toward AI compute
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SpaceX just bet $60 billion on a 25-year-old's coding startup because Elon Musk's own AI can't keep up with the competition.
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Core Scientific just raised $3.3 billion in junk bonds to build AI infrastructure, and the fact that investors are throwing money at risky debt to power compute farms tells you everything about where the real economy is moving.
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OpenAI just open-sourced the privacy moat every enterprise has been trying to build in-house. OpenAI released Privacy Filter, a 1.5-billion-parameter open-source model that detects and redacts personally identifiable information before data hits the cloud
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Google just announced it will spend up to $185 billion this year building the infrastructure for AI agents, the largest single capital deployment in the history of technology.
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Google just launched chips designed to run AI models faster and cheaper than training them, and if they work, the entire economics of the agent economy just shifted.
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Musk is assembling an AI coalition to chase down Anthropic and OpenAI, and he's shopping for allies in Paris. xAI has explored a three-way partnership with Cursor and French AI startup Mistral to compete against Anthropic and OpenAI
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SpaceX just told would-be investors that Elon's vision of AI data centers in orbit might be a money pit, which is a hell of a thing to admit in your own IPO filing.
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A data infrastructure company just hit a $30 billion valuation in a market that supposedly doesn't care about infrastructure anymore. Vast Data raised $1 billion in Series F funding, tripling its valuation from roughly $10 billion to $30 billion with Nvidia backing
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Mira Murati just signed a multi-billion-dollar infrastructure deal with Google, and it tells you everything about who's building the agent future and who's just renting the hardware.
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Two crypto miners just raised $115M and sold off assets to chase AI compute, and their stocks jumped 4% because the market knows: crypto mining was the dress rehearsal for the real show.
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China's scrappy AI lab that embarrassed Silicon Valley with cheaper models is now worth more than most enterprise software companies. DeepSeek is in talks with Tencent and Alibaba for funding at a $20+ billion valuation, according to The Information
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