Situational Awareness drops 67% in a month: the trial of the true believers
A Situational Awareness investment vehicle loses two-thirds of its value in a month during the July AI rout.
yesterday 17 20
Moonshot plans to open-weight Kimi K3 - the biggest frontier open bet gets a permanent home
Moonshot AI says it will release the weights of Kimi K3 - the 2.8-trillion-parameter model that already unsettled Wall Street.
Jul 27, 2026 at 10:13 8 6
"AI communism": Kimi K3 shakes the thesis of the model monopoly on Wall Street
On the TechCrunch Equity podcast, American VCs refer to the Kimi K3 effect on valuations as "AI communism." The real signal: the first time a Chinese open-weight model forces American CFOs to recalculate their P&L.
Jul 24, 2026 at 21:00 5 8
Wall Street syndicates $35B for a SPV that buys Google/Broadcom chips and leases them to Anthropic
The true design of the deal: a special-purpose vehicle that buys chips designed by Google and Broadcom and leases them to Anthropic - AI debt is structured as in-house GPU leasing.
Jul 23, 2026 at 07:45 8 10
Alphabet Q2: 2026 capex rises to $205B and free cash flow turns negative
The giant raises its 2026 capex guidance to ~$205B as its free cash flow turns negative: the bill for the AI era arrives at Alphabet's counter.
Jul 23, 2026 at 07:45 9 11