Unitree's Robot IPO Frenzy
How Unitree's Shanghai listing — oversubscribed thousands of times over — turns humanoid robotics from a venture-capital story into a public-market referendum on physical AI, and hands China the first mover's spotlight.
Alex Prize
The Money Moves to Inference
How venture capital's center of gravity shifted from training new AI models to profitably running the ones that already exist.
OpenAI's Two-Speed Pricing
How OpenAI cut model prices and raised subscription prices in the same fortnight — and what the split reveals about its road to an IPO.
Nvidia's $500 Billion Machine
How Nvidia engineered a way to finance half a trillion dollars of demand for its own chips — without putting a dollar of debt on its balance sheet.
Cognition's $40 Billion Question
How an AI coding startup nearly doubled its valuation in three months — and what a 40x revenue price says about the state of AI funding.
Riot Platforms' $9.1 Billion AI Pivot
How a bitcoin miner's $9.1 billion lease to Anthropic reveals that the scarcest resource in AI isn't chips or talent — it's grid-connected power.
Cognition AI's $40 Billion Valuation Leap
How a coding startup's leap toward a $40 billion valuation, barely three months after its last raise, shows what investors are really pricing in the AI agent race.
IBM's OpenAI Partnership: The Real Prize
How IBM's alliance with OpenAI turns the consultancy into a distribution channel for frontier models — and reveals where the enterprise AI money actually goes.
OpenAI Pays Its Staff to Wait
How a $7 billion employee buyback lets OpenAI relieve the pressure to go public and buy itself time on its own terms.
Olive AI's Mirage of ROI
How the "AI co-worker" raced to a $4B valuation before hospitals realized ROI didn't add up