Nvidia's Moat Was Never the Chips
Qualcomm paid $3.92 billion for Modular, a startup whose only product is software that lets AI code run on any chip. It is the clearest bet yet that Nvidia's real defence is CUDA, not silicon, and Qualcomm, AMD and Chinese labs are all now attacking that software layer rather than the hardware.
Read full story →The Same Cheap Model That Thrills Buyers Is Spooking Wall Street
Moonshot's Kimi K3 helped tip the Nasdaq 100 into correction territory, even as Australian firms use models like it to cut their AI bills by up to 80 percent. Both reactions trace to one fact: capable intelligence is getting cheap, and much of the cheapening comes from China.
Read full story →The AI Industry Can't Agree on How It Wants to Be Regulated
More than 1,100 workers are demanding rules for their own employers, the big labs have split into two rival camps over preemption and open weights, and Europe is already enforcing. The US fight has stopped being about whether to regulate and become about whose blueprint wins.
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