AI
Marvell’s $12.2 Billion Google Warrant Comes With No Minimum Order
A $12.2 billion warrant and a 40% efficiency claim moved AI-chip stocks this month. Neither number is a purchase order or a customer price.
AI
The Small Town That Banned a Data Center – and Got Sued for $300 Million
A town banned a data center and got sued for $300 million - the real fight over who builds first is a permitting loophole, not the lawsuit.
AI
AI’s Power Demand Has a Phantom Gigawatt Problem
AI data center power demand looks enormous on paper - utilities themselves plan for far less than the announced gigawatts imply.
AI
AI Distillation: Why Anthropic’s Model Moat Is Leaking
AI distillation lets smaller models reproduce parts of a frontier model's capabilities from outputs alone. Why Anthropic's crackdown reveals a leaking moat.
AI
AI’s Power Bottleneck Isn’t the Transformer. It’s the Steel Inside It.
AI's power bottleneck runs below the transformer to grain-oriented electrical steel - a specialty steel only a few mills make, sold out through 2028.
AI
Anthropic’s $19 Billion Power Deal Shows AI’s Real Bottleneck Isn’t Chips
Anthropic's $19B, 20-year TeraWulf lease shows AI's real bottleneck is AI data center power and grid interconnection, not chips. Here's who captures the value.
AI
Meta Iris Chip: Not the Last Hyperscaler, the Loudest of Five
Meta's Iris AI chip enters production in September 2026, part of a 7-to-14GW compute plan. Why it targets inference, not Nvidia's training crown - and what it changes.
AI
The Cheapest Token Is Not the Cheapest Task
Two frontier models shipped inside 48 hours in July, and the scoreboard is the least interesting part of it. xAI answered the pricing question with one aggressively cheap sheet. OpenAI answered the same question with a menu of three. Put…