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Tech and business at the intersection where they actually meet.

Daily coverage of AI, startups, big tech, markets, policy, security, hardware, and crypto — with a Bottom Line on every piece.

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Big Tech

The AI Labs Are Quietly Turning Into Consulting Firms

Anthropic just formed a $1.5B JV with Goldman, Blackstone, and Hellman & Friedman to embed engineers in mid-sized companies. This is the McKinsey playbook with model weights.

Hank Reed
Startups & Funding

OpenAI Spun Out a Venture Arm. The Cap Table Is the Story.

OpenAI raised $4B at a $10B valuation for a new entity called The Development Company. 19 outside investors. Who got in and what it means.

Jordan Beck
Policy & Regulation

SEC Chair Atkins Lays Out How Federal Securities Laws Apply to Crypto

SEC Chair Paul Atkins issued an interpretation distinguishing securities from commodities in crypto. What is actually binding vs. what is guidance.

Nadia Rao
Cybersecurity

Two Active Exploitation Stories This Week, Both With CISA Deadlines

Ivanti EPMM and Palo Alto PAN-OS both have active-exploit advisories with imminent due dates. What is confirmed vs. what is speculation.

Nadia Rao
Big Tech

Amazon's $11.6 Billion Globalstar Buy Is a Satellite-First AWS

Amazon is buying Globalstar at $90/share — $11.57B total. The strategic logic is not mobile SOS. It is the Kuiper-AWS integration that follows.

Sam Whitaker
Hardware & Devices

Marvell's $540M Buy of XConn Is About the AI Interconnect Bottleneck

Marvell is acquiring XConn Technologies for $540M to bolster high-performance interconnect. Why interconnect is becoming the next AI infrastructure constraint.

Maya Iverson
AI & ML

Anthropic Just Locked In SpaceX's Entire Colossus 1 Data Center

Anthropic signed an agreement for the full capacity of Colossus 1 — 300 MW and 220,000 Nvidia GPUs. What makes this different from a standard cloud contract.

Maya Iverson
Crypto & Web3

Bitcoin's Run to $80k Is Pricing in CLARITY Act Passage

Bitcoin crossed $80k, up 19% in a month on CLARITY Act momentum. Kraken's IPO discount is the asymmetric trade — not BTC itself.

Jordan Beck
Cybersecurity

Anthropic Is Gating the Cyber-Capable Model It Disclosed Last Week

Anthropic launched Project Glasswing, restricting access to Mythos Preview. The "thousands of zero-days" claim deserves careful reading.

Nadia Rao
Policy & Regulation

The CLARITY Act's Stablecoin Compromise Is the First Real Crypto Markup Likely to Pass

Senate Banking marks up CLARITY Act on May 14 with a stablecoin yield compromise. What is actually agreed vs. what the press is calling it.

Nadia Rao
Markets & Money

Anthropic's Annual Revenue Just Passed OpenAI's

Anthropic's $30B ARR just passed OpenAI's $24B for the first time. The trajectory matters more than the cross.

Sam Whitaker
Big Tech

Nvidia Has Quietly Become a $40 Billion Strategic Investor

Nvidia is up to $40B in strategic equity bets across its supply chain and customers in 2026 — half a year of free cash flow. Where they're betting and why.

Sam Whitaker