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.
Alex Prize
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
Canva's enterprise pivot
How the enterprise pivot from "Instagram poster maker" grew into a Fortune 500 design platform
Google's €2.95B Reckoning
How the EU's antitrust penalty on Google could reshape ad-tech markets and redefine the limits of platform power
HubSpot's freemium gamble
How a free CRM rewired the funnel, widened the moat, and built a platform. A HubSpot CRM story.