BusinessMichael Burry alleges circular financing in Nvidia 10‑Q, keeps short stanceMichael Burry said he found evidence in Nvidia’s latest 10‑Q that the company is participating in circular financing related to a $105 billion guarantee tied to an OpenAI‑leased Ohio data center, and continues to hold a significant short position against the broader AI ecosystem.3 min read
BusinessLambda borrows $1 billion to buy Nvidia GPUs for leasing to MicrosoftLambda has raised $1 billion in private, short-dated debt to purchase Nvidia AI chips that it will lease to Microsoft, a deal Bloomberg says was arranged by JP Morgan Chase.2 min read
BusinessBig Tech Bets on Open-Weight AI Models as Acquisitions AccelerateSeveral major tech companies are reportedly acquiring or partnering with open-weight AI model platforms as demand for controllable, cheaper inference grows.4 min read
BusinessHow Jon Gray and Blackstone Are Financing Big Bets on AIJon Gray, president and COO of Blackstone, says the firm pursues large-scale investments when it identifies promising themes, and AI has become its biggest conviction.5 min read
BusinessAnthropic explored buying MatX to speed its custom-chip push, talks now pausedAnthropic held talks to acquire chip startup MatX for about $7 billion as part of efforts to accelerate in-house custom chip development, but discussions have shifted toward partnerships and are currently paused.3 min read
BusinessOpenAI hires Meta's India & Southeast Asia VP Sandhya Devanathan as Asia-Pacific leaderSandhya Devanathan, Meta’s vice president for India and Southeast Asia, is leaving the company to join OpenAI.3 min read
BusinessAlphabet Loses About $700 Billion as AI Costs and Product Delays Weigh on StockAlphabet’s market value has fallen roughly $700 billion as its shares slipped more than 15% from a May peak amid rising concern over growing AI expenses and postponed product milestones.2 min read
BusinessRecord Revenue Growth at Frontier AI Labs Raises Questions About SustainabilityOpenAI and Anthropic have posted historically rapid revenue growth in 2025–2026, with combined run rates rising from roughly $30 billion to about $105 billion by August 2026.4 min read
BusinessJames Dacombe, 25, becomes Europe’s youngest self-made billionaire as Olix challenges Nvidia with photonic chipsJames Dacombe, a 25-year-old British entrepreneur, reached billionaire status through his stake in CoMind and his two-year-old chip company Olix, which develops photonic AI inference chips.3 min read
BusinessMorgan Stanley: Big Tech's off-balance AI commitments could total about $3 trillionMorgan Stanley estimates that seven major technology firms have made roughly $3 trillion in off-balance-sheet commitments tied to AI infrastructure, in addition to about $770 billion of debt and lease obligations on their balance sheets.3 min read
BusinessNvidia posts record $96.2B quarter amid memory shortage and $19B buybackNvidia reported $96.2 billion in revenue for the quarter ended July 2026 (Q2 fiscal 2027), more than double year‑ago sales, beating Wall Street estimates.3 min read
BusinessCrowdStrike posts record quarter as AI-driven threats boost demand for cybersecurityCrowdStrike reported its strongest quarter on record, with revenue up 26% to $1.47 billion and net income of $5.3 million after a loss a year earlier.3 min read
