Alcoa is turning a dead aluminum smelter into a Bitcoin mining operation, and it's a perfect example of how energy-hungry legacy industry infrastructure gets repurposed for the crypto era.
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The best short-seller in the game thinks AI valuations are built on sand, and he's putting money on it. Carson Block of Muddy Waters Capital says fundamentals still matter more than technicals in short selling, even as AI hype dominates markets
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The smart money isn't betting on AI broadly anymore, it's betting on the handful of companies that will actually win. AI-focused ETFs continue to dominate flows even as investors become more selective about which AI plays matter
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A four-month-old AI lab just raised half a billion dollars at a $4 billion valuation because it's building agents that teach themselves. Recursive, founded by ex-DeepMind and OpenAI engineers, raised $500M at a $4B valuation from Google Ventures and Nvidia
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Anthropic's new tokenizer just raised your AI bill by a quarter and nobody told you. Claude Opus 4.7's new tokenizer costs 20-30% more per session than previous versions, independent testing shows
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The AI gold rush just hit a wall made of community zoning boards and power grids that don't care about your model training schedule. Amazon, Microsoft, and Alphabet have halted multiple data center projects amid local opposition and infrastructure constraints
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Musk thinks AI abundance will let the government send fat checks to everyone without triggering inflation—economists say that's fantasy math.
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Anthropic just stopped selling picks and shovels and opened a general store. Anthropic launched Claude Design, a text-to-prototype tool that creates designs, decks, and marketing collateral through conversation—now live for all paid Claude subscribers
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The money behind the money just showed its hand: Iconiq, the family office that manages fortunes for Zuckerberg and Dorsey, is now one of the biggest AI investors you've never heard about.
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OpenAI just blamed Britain's energy costs and red tape for killing a major infrastructure project, and the UK's AI minister isn't having it. Britain's AI minister publicly criticized OpenAI for halting a major data center project in the UK, citing energy costs and regulation as the reason
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CoreWeave just sold junk bonds twice in one week, and investors can't get enough of debt backed by GPUs. CoreWeave tapped the US junk-bond market twice in a single week, riding unprecedented investor appetite for AI infrastructure debt
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A 35-billion-parameter model running on consumer hardware just outperformed Anthropic's flagship API in a creative task, and it's completely open-source.
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The AI infrastructure bet just got a $6.7 billion vote of confidence from the bond market, and it's coming from buyers who usually hate risk. Google-backed data centers and CoreWeave raised $6.7 billion in junk bonds, marking a record deal in AI infrastructure financing
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Elon Musk is building a chip fab, and nobody in the semiconductor industry understands why. Tesla and SpaceX have formed a joint venture called Terafab and are actively requesting quotes from major chipmaking equipment suppliers including Applied Materials, Tokyo Electron, and Lam Research.
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Seven months from launch to $2 billion valuation talks—Upscale AI is either building the picks and shovels for the agent economy or rewriting the rules on how fast AI infrastructure startups can scale.
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OpenAI just shipped a security-focused model while enterprises are still figuring out if they trust the last one. OpenAI launched GPT-5.4 "Cyber", a security-hardened model positioned as the answer to enterprise trust and governance roadblocks
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OpenAI just killed its sexiest consumer product to feed the enterprise beast, and the reasons why tell you everything about where the AI economy is actually headed.
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Bitcoin miners just dumped 61,000 BTC and lined up $75 million to buy GPUs instead. Bitcoin miner reserves dropped by 61,000 BTC as firms pivot infrastructure toward AI and high-performance computing
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Google just turned your photo library into training data for personalized AI image generation, and most people won't even notice they opted in.
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Anthropic just dropped two models in one day, and one of them is headed straight for your bank's infrastructure. Anthropic released Claude Opus 4.7, its most advanced model yet, with upgrades to long-form reasoning, vision processing, and autonomous task execution, confirmed for delivery by May 31
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