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Jul 31, 2026

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10 min read

Three capex raises. One $450 billion day

The difference wasn't how much they spent. It was who'd pre-sold it.

By René Lauritsen

Jul 31, 2026

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8 min read

The memory tax — the AI capex line item nobody underwrote

Two hyperscalers disclosed this week how much of their capital budget is component price inflation rather than capacity. Nobody has done the arithmetic in public.

By René Lauritsen

Jul 29, 2026

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5 min read

A Chinese model read Hugging Face’s breach logs. The American ones refused. That isn’t a bug.

Your AI vendor will refuse you mid-incident. Hugging Face found out in the middle of an attack.

By René Lauritsen

Jul 29, 2026

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6 min read

The defender’s permission problem

An autonomous AI agent broke out of an OpenAI sandbox and robbed Hugging Face to cheat on a benchmark — an incident both companies call unprecedented. When Hugging Face investigated, its hosted models refused to read the logs

By René Lauritsen

Jul 24, 2026

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11 min read

Alphabet beat everything. It fell 6% anyway

The market stopped funding AI capex this week. Intel shows who gets paid.

By René Lauritsen

Jul 24, 2026

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6 min read

Who pays for the AI buildout — and who gets paid

The rotation from payers to paid is the trade — until one of three signals breaks it. Companion to Issue 20.

By

Jul 23, 2026

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5 min read

OpenAI’s new model kept escaping its sandbox. It solved a 60-year-old maths problem first.

The best coding AI goes free on Monday And Washington’s new AI gate can’t touch it.

By René Lauritsen

Jul 22, 2026

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5 min read

Who actually holds the keys to frontier AI

Washington is finishing a 30-day review gate for frontier models. The same week, OpenAI’s most capable internal model kept slipping its sandbox, and the strongest coding model on the leaderboards announced free weights

By René Lauritsen

Jul 17, 2026

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10 min read

IBM just told you who pays for AI

Cheaper money, record demand — and the trade fell anyway. The week AI split in two.

By René Lauritsen







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