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Google has sold so much TPU capacity that its own researchers are queueing for the rest

Alphabet runs the most enviable AI infrastructure stack in the industry. The success of the third-party deals with Anthropic and Meta is the reason internal access has become a competitive resource. Google has spent a decade quietly building the most enviable position in AI infrastructure: a healthy cloud business, its own custom chips, and supply […]

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Two crypto billionaires sit behind both the Trump family token and Iran’s sanctions-evasion engine

Reuters traced $2.3bn in Iranian exchange Nobitex’s flows since 2023 to Tron and BNB Chain, the blockchains established by World Liberty Financial’s two most prominent early backers. No party at WLF has been accused of knowing about it. A Reuters investigation published on Monday documents that Nobitex, Iran’s largest crypto exchange, has processed at least […]

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Shein buys Everlane at $100M, and the radical-transparency brand becomes a fast-fashion asset

L Catterton has sold its majority stake at a steep discount to the DTC era’s peak valuation. Common stockholders get nothing. The Everlane board signed on Saturday. Shein, the Chinese-founded ultra-fast-fashion giant, is acquiring Everlane, the San Francisco-based direct-to-consumer apparel brand, from majority owner L Catterton, according to reports in Bloomberg. The transaction values Everlane […]

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Exadel buys London consultancy Tangent to bolt experience design onto its AI engineering line

The Tampa-based, Sun Capital-owned software services firm is folding the SAP- and IWG-trusted UK digital agency into its Digital Experiences practice. Deal terms were not disclosed. Exadel, the Tampa-based software-development and consulting firm, has acquired Tangent, the London-based digital experience consultancy, the company said on Monday. Terms were not disclosed. Tangent will continue to operate […]

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Apple’s India App Store case gets a procedural compromise from the Delhi bench

An order posted on Saturday tells Apple to hand over financial information to India’s competition regulator. It also tells the regulator not to issue a final ruling before 15 July.  The Delhi High Court told Apple over the weekend to ‘fully cooperate’ with the Competition Commission of India in its ongoing antitrust investigation of the […]

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Federal judge holds back on Anthropic’s $1.5bn author settlement

A federal judge in San Francisco wanted more detail on lawyers’ fees and lead-plaintiff payments before signing off on what would be the largest copyright settlement in US history. A federal judge in San Francisco declined on Thursday to give final approval to Anthropic’s proposed $1.5bn settlement with authors who say the company trained its […]

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Figma’s numbers say AI is a tailwind. Its stock price says the market isn’t sure.

  For ten months, Figma has been a case study in how quickly Wall Street can fall out of love. The company went public on 31 July 2025 at $33 a share, soared past $140 on its debut, and has spent most of 2026 in freefall,  battered by Google’s free Stitch design tool, Anthropic’s Claude […]

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Figma’s numbers say AI is a tailwind. Its stock price says the market isn’t sure. Read More »

Thrive Capital bets $100 million on Shopify, because sometimes the best AI trade is a beaten-down stock

Joshua Kushner’s Thrive Capital has taken a roughly $100 million stake in Shopify, according to Bloomberg, which cited people familiar with the matter. The investment is notable less for its size, $100 million is a rounding error in a firm that raised more than $10 billion for its latest fund, than for what it signals […]

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Palantir’s numbers are working. For the first time, the story is not.

  Alex Karp has spent the past fortnight telling anyone who will listen that Palantir Technologies is indispensable. Retail investors and the German military have arrived at the opposite conclusion, and their timing is almost perfectly synchronised. In the week through 13 May, individual investors were net sellers of $82 million worth of Palantir shares, […]

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Palantir’s numbers are working. For the first time, the story is not. Read More »

OpenAI is preparing to sue Apple over a partnership that was supposed to be the next Google search deal

  OpenAI’s partnership with Apple, announced to considerable fanfare in June 2024, is fracturing. The AI company’s lawyers are actively working with an outside legal firm on options that could include sending Apple a formal notice alleging breach of contract, according to Bloomberg, which cited people familiar with the deliberations. No lawsuit has been filed, […]

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