Markets
The First Humanoid Robot Company Goes Public
Unitree lists at a $9B valuation with something almost no competitor has: a profit.
Markets
+2
Nvidia Is Now the Sixth-Largest Shareholder in SpaceX
A $10B investment in xAI became a $21B stake in a rocket company. That was the point.
Markets
+2
OpenAI's Revenue Mix Just Flipped. Its People Are Leaving.
A research lab becoming an enterprise software company gets better revenue and a different institution.
Premium
+2
Big Tech Has Quietly Promised $1.5 Trillion for AI
Purchase commitments don't sit on the balance sheet like debt. That's exactly why they matter.
Markets
+2
The AI Price War Is Running in Two Directions at Once
Why the cheap model got expensive and the expensive models got cheap.
Premium
+2
Intel Just Sold Stock for the First Time Since 1971
The first share sale since 1971, and what it says about the cost of staying in the AI race.
Markets
+2
Two Intels: Pricing the Product Company and the Foundry Option
Why a 55-year first tells you more than the guidance does.
Premium
+2
Tesla Had a Record Quarter. The Stock Fell Anyway.
Tesla delivered a record 480,126 vehicles and the stock fell 7%. The market cares about robots now.
Autonomy
+2
Two Teslas: Pricing the Car and the AI Option
Tesla is a carmaker and an autonomy option wearing one ticker. Value them separately.
Premium
+2
The Great Repricing: Buyers vs. Suppliers of AI
The market stopped paying for AI ambition and started pricing its cost. Buyers down, suppliers up.
Premium
+2
The Magnificent 7 Just Lost $2.3 Trillion
Investors soured on hyperscaler AI spending, wiping $2.3 trillion off the Mag 7 while chipmakers rallied.
Markets
+1
Google Ran Out of AI Compute for Meta
Google capped Meta's Gemini use and rented 110,000 GPUs from SpaceX. The AI bottleneck is physical.
Markets
+2
The Compute Constraint: Owning AI's Scarce Layer
A compute shortage that binds the richest buyers inverts the bubble thesis. Own the constrained layer.
Premium
+3
How 5 People Cost Google $269 Billion
A week of DeepMind departures to OpenAI and Anthropic wiped a quarter-trillion off Alphabet.
Markets
+1
The Talent Premium: When Researchers Move Markets
Elite researchers are now a priced asset class. How to read the frontier-AI talent trade.
Premium
+2
The Gatekeeper Premium: Pricing AI's New Political Risk
Frontier models are now controlled technology. How to price the political-access premium and risk.
Premium
+3
The Government Just Decided Who Gets the Most Powerful AI
Washington cleared Anthropic's Mythos 5 for 100 vetted partners as OpenAI also limits its newest model.
Policy
+2
OpenAI May Delay Its IPO to 2027 (and Why)
A shaky market and Sam Altman's trillion-dollar demand may push the biggest AI IPO to 2027.
Markets
+1
The Trillion-Dollar Standoff: OpenAI's IPO Delay
OpenAI's pause is the first real test of whether public markets will fund AI's cash burn.
Premium
+2
IBM Just Cracked the 1-Nanometer Barrier (and Why It Matters)
IBM's 0.7nm nanostack chip stacks transistors in 3D, keeping Moore's Law alive for another decade.
Markets
+2
The Angstrom Era: Who Captures IBM's Breakthrough
IBM rescued the scaling roadmap. The durable margin sits with the foundries and the enablers.
Premium
+3
Jalapeño: Pricing OpenAI's Move Into Silicon
OpenAI's first chip is a margin play on inference. How to price the vertical-integration race.
Premium
+3
OpenAI Just Made Its Own Chip (and Why It Matters)
OpenAI unveiled Jalapeño, its first custom chip with Broadcom, to cut costs and lean less on Nvidia.
Markets
+2
