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Tech and business at the intersection where they actually meet.

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Apple Quietly Hedges Its Bet on TSMC
Hardware & Devices

Apple Quietly Hedges Its Bet on TSMC

Apple is in early talks with Intel and Samsung to manufacture core device chips in the US, its first real diversification away from TSMC. Neither can match TSMC's volume yet.

Maya Iverson
Cerebras Files at $26.6 Billion. The Order Book Says That's Conservative.
Startups & Funding

Cerebras Files at $26.6 Billion. The Order Book Says That's Conservative.

Cerebras filed an amended S-1 to sell 28M shares at $115–125, valuing it up to $26.6B. Banks are fielding $10B in orders for $3.5B on offer, which points to pricing above the range.

Jordan Beck
The AI Power Build-Out Is the Largest Energy Project in American History
Markets & Money

The AI Power Build-Out Is the Largest Energy Project in American History

Five companies are spending $400B on AI infrastructure this year, half of it on the electricity to run it. Almost nobody is covering it as the energy story it has become.

Hank Reed
Trellix's Source-Code Disclosure Has the Quiet Tells of a Bigger Breach
Cybersecurity

Trellix's Source-Code Disclosure Has the Quiet Tells of a Bigger Breach

Trellix says it found no evidence its source code release process was affected. Independent researchers reviewing RansomHouse's leak think the attackers reached VMware, Rubrik, and Dell EMC systems. Trellix's statement is narrower than it sounds.

Nadia Rao
OpenAI at $852 Billion: A Valuation, a Vibe, and a Math Problem
Markets & Money

OpenAI at $852 Billion: A Valuation, a Vibe, and a Math Problem

OpenAI just raised $122B at $852B post. We have seen private valuations like this before. Some of them were right; most were not. How to think about which kind this is.

Hank Reed
After Anthropic's Mythos, the Trump Administration Is Quietly Embracing AI Rules It Once Rejected
Policy & Regulation

After Anthropic's Mythos, the Trump Administration Is Quietly Embracing AI Rules It Once Rejected

Federal officials are drafting AI safety oversight after a single Anthropic capability disclosure changed the threat conversation. Nothing is signed yet, and the likely obligations start narrow.

Nadia Rao
Big Tech's Q1 Split the Magnificent Seven Down the Middle
Big Tech

Big Tech's Q1 Split the Magnificent Seven Down the Middle

Microsoft, Amazon, and Alphabet beat. Meta tumbled 8%. The dividing line was who is getting paid for the AI capex and who is still funding it.

Sam Whitaker
Anthropic Drops Ten Pre-Built Agents for Banks and Insurers
AI & ML

Anthropic Drops Ten Pre-Built Agents for Banks and Insurers

Anthropic released ten Claude-based agents for financial-services workflows such as pitchbook drafting, credit memos, and compliance escalation, moving banks from building agents to buying them.

Maya Iverson
Welcome to BizTechDaily, and a Couple of Warnings
Big Tech

Welcome to BizTechDaily, and a Couple of Warnings

What this site is, what it covers, and the kind of reader we're trying to earn time from.

Hank Reed