The Backlog
On February 5, the market sold off on half a trillion dollars in AI capex. On February 7, it rallied. What changed wasn't AI sentiment. It was the discovery that the spending doesn't need AI to justify itself — and that's the problem.
Apple, whose capital expenditure is just a fraction of its peers, is the only Big Tech company that saw capex decline YoY in Q4, decreasing 19% to $2.37B
One of these companies is not like the others. — If you've been following the Big Tech companies' earnings reports …
Tether froze $544M in alleged illicit income at Turkey's request, part of its push to aid governments in crackdowns against crypto use in alleged crimes
On Jan. 30, Turkish authorities announced the freezing of more than half a billion dollars in assets owned by Veysel Sahin …
After talking with ~40 people at Anthropic, a look at its “Yes, and...” culture where every idea is welcomed and judged based on vibes, like a hive mind
As you've probably noticed, something is happening over at Anthropic. They are a spaceship that is beginning to take off.
Trump-linked World Liberty Financial's stablecoin, USD1, hit $5B in total circulation in January with 85% held in Binance accounts; Trump pardoned CZ in October
Ties between the exchange and the president's company, World Liberty Financial, have only strengthened since the president pardoned Binance's founder, Changpeng Zhao.
DOJ-released emails: Jeffrey Epstein helped Ian Osborne, founder of London-based fund Hedosophia, after Osborne's outreach to help Epstein fix his image in 2011
Convicted sex offender helped establish tech fund Hedosophia after Osborne offered to help clean up Epstein's image
An interview with Kalshi CEO Tarek Mansour about the “wisdom of the crowd”, political polarization, having Trump Jr. as an adviser, casino comparisons, and more
The co-founder of America's biggest predictions market on the ‘wisdom of the crowd’, political polarisation — and the company's adviser, Donald Trump Jr
South Korean cryptocurrency exchange Bithumb says it accidentally sent $44B worth of bitcoin to customers as promotional rewards and has recovered 99.7% of it
South Korean cryptocurrency exchange Bithumb said on Saturday it had accidentally given away more than $40 billion worth of bitcoins …
New York lawmakers propose a bill to impose a three-year moratorium on data center development, making NY at least the sixth state to introduce such legislation
Red and blue states alike have introduced legislation in recent weeks that would halt data center development, citing concerns from climate to high energy prices.
New US rules banning Chinese software in internet-connected vehicles from March 17 add urgency to industrywide efforts to reduce reliance on Chinese components
New U.S. rules ban Chinese software in vehicles on national-security grounds — How Chinese is your car? Automakers are racing to work it out.
A look at the state of AI agents, the evolution of thinking models, the staggering need for inference compute in the coming years, automated research, and more
— Dr. Vannevar Bush, As We May Think, 1945 — If we consider life to be a sort of open-ended MMO, the game server has just received a major update.
Kalshi and Polymarket have facilitated over $800M in Super Bowl contracts, as pro gamblers shift to prediction markets and adopt Wall Street-style strategies
The sudden rise of prediction markets has sophisticated bettors scrambling to adjust their strategies.
US data center demand has driven stock surges of contractors and equipment makers like Corning, Sterling Infrastructure, Comfort Systems USA, and Carrier Global
Data-center demand has sent shares in contractors, equipment makers and more surging — The intensity of America's data-center build …
Source: Benchmark raised $225M in special funds to invest in Cerebras' ~$1B Series H, led by Tiger Global; Benchmark led Cerebras' $27M Series A in 2016
RADICL, which offers threat detection and response services to SMBs supporting US defense industrial base and critical infrastructure, raised a $31M Series A
Cybersecurity-as-a-service startup Radicl Defense Inc. announced today that it has raised $31 million in early-stage funding …
US tech stocks and bitcoin rally after three days of selling; Nasdaq Composite closed up 2.18%, Broadcom 7.22%, Strategy 26.11%, and bitcoin rebounded to ~$70K
Nasdaq climbs after sell-off fuelled by worries over vast AI spending — US technology stocks and bitcoin rallied strongly …
Chinese regulators fined Kuaishou $17.2M for failing to curb illegal content; pornographic content appeared on Kuaishou during its December 2025 cyberattacks
Chinese regulators fined Kuaishou Technology 119.1 million yuan ($17.2 million) over pornographic content that swamped its platform last December …
Palmer Luckey's Erebor becomes the first newly created bank to receive a national charter under the second Trump administration, launching with $635M in capital
Erebor founder Palmer Luckey was one of the tech industry's early Trump supporters and is known for his penchant for Hawaiian shirts
Trump Mobile execs showcase the T1 Phone's new design and specs, and say the phones go through “final assembly” in Miami and full assembly in the US is a “goal”
I spoke to two Trump Mobile executives for an exclusive first look at what they say is the T1 Phone.
Waymo says it is using DeepMind's Genie 3 to create realistic digital worlds for its autonomous driving technology to train on edge-case scenarios
Alphabet Inc.'s Waymo said it is using DeepMind's Genie 3 AI model to create realistic, digital worlds for its autonomous driving technology to train on edge-case scenarios.
Nvidia stock closes up 7.92% after Jensen Huang said the tech industry's surging capex for AI infrastructure is justified, appropriate, and sustainable
The tech industry's surging capital expenditures for AI infrastructure are justified, appropriate and sustainable, Nvidia CEO Jensen Huang said Friday on CNBC's “Halftime Report.”
Spotify rolls out About the Song, swipeable stories in English, summarized from third-party sources to highlight song details, in beta for Premium users
Spotify is rolling out a new “About the Song” feature that lets users explore the stories behind the music they're listening to, the company announced on Friday.
Sources: AI chip startup SambaNova is raising a $350M+ Series E led by Vista Equity Partners; Intel plans to invest $100M to $150M
Sources: London-based 9fin, a data provider for debt markets, is in talks to raise as much as $150M at a pre-money valuation of $1B, about 20x its ARR of ~$50M
Galaxy Digital stock jumps 17%+ after the company approved a share buyback program of up to $200M over the next 12 months
Croatian-founded Daytona, which aims to build infrastructure for large-scale agent workloads, raised a $24M Series A led by FirstMark
A civil subpoena shows the US DOJ is investigating Netflix for potential anticompetitive tactics as DOJ probes the company's proposed acquisition of WBD
As it probes bids for Warner, the department is asking if the streamer has engaged in conduct that could make it a monopoly
Sources: Apple plans to allow third-party voice-controlled AI chatbots in CarPlay within the coming months; it won't let users replace CarPlay's Siri button
Apple Inc. is preparing to allow voice-controlled artificial intelligence apps from other companies in CarPlay …
Heroku says it is transitioning to a “sustaining engineering model”, as it focuses on “helping organizations build and deploy enterprise-grade AI”
Today, Heroku is transitioning to a sustaining engineering model focused on stability, security, reliability, and support.
London-based Bound, an automated FX risk management platform, raised a $24.5M Series A led by AlbionVC as it seeks to expand across Europe
Amazon's annual tax bill fell 87% YoY to $1.2B in 2025, as profits grew 45% to ~$90B, mostly due to GOP's depreciation breaks in the One Big Beautiful Bill
Sources: OpenAI is working with G42 to build a ChatGPT version tuned for the UAE that accommodates local language, political outlook, and speech restrictions
Crypto.com co-founder Kris Marszalek buys the domain AI.com for $70M, the highest disclosed price for a domain name, as he plans a site offering an AI agent
Kris Marszalek plans to launch new site with a Super Bowl ad this weekend — The founder of cryptocurrency trading site Crypto.com …