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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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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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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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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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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Google just made the agent wars a lot more expensive for everyone who isn't Google. Google Cloud launched its next-gen Tensor Processing Units (TPUs), custom chips built specifically to run AI workloads faster and cheaper than general-purpose processors
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Google just split its chip roadmap in two, and the fork tells you everything about where AI is actually going. Google launched TPU v8, but as two separate chips: v8T for training foundation models, v8I for running inference at scale
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An AI agent just designed a working CPU from a 219-word prompt, no human handholding required. Verkor.io's Design Conductor system designed VerCore, a RISC-V CPU core running at 1.5 GHz with performance comparable to a 2011-era laptop chip, entirely from a text specification
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BlackRock has moved $8.4 billion into Bitcoin ETFs in recent weeks, and a sitting Congressman just bet $250K that they're right about where this is going.
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SpaceX just wrote a $60 billion option on the future of code, and the 20-somethings on the other side of the deal are building exactly what the agent economy needs most.
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The Trump family's crypto project just got sued by one of its biggest investors for freezing $30 million in tokens and locking him out of governance.
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The companies building the machines that build AI chips just posted a beat, and the market noticed. ASMPT Ltd., a chip equipment maker, forecast Q2 revenue above expectations, driven by semiconductor business tied to AI infrastructure
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Adobe just declared itself Switzerland in the agent wars, and that might be the smartest move anyone's made yet. Adobe announced a multi-model agentic platform partnering with OpenAI, Anthropic, Google, Amazon, and Nvidia to build what it calls "the broadest agentic AI ecosystem in the industry"
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