Nvidia Made $96 Billion in a Quarter. The Bigger Story Is Who Isn't Winning.
Nvidia posted the largest quarter any chipmaker ever has, with 75 percent margins and $59.7 billion in profit. But the headline hides two shifts: the toolmakers are pulling away from the Big Tech giants who pay them, and a new class of buyers, the neoclouds and sovereigns, is now growing faster than Amazon, Microsoft and Google.
Read full story →Tencent Is Giving Away a 770-Billion-Parameter Model. The Business Is Everything Around It.
Tencent open-sourced a large coding and analysis model on Hugging Face, then said it would wire the free weights into paid tools like CodeBuddy. It is the same move DeepSeek, Qwen and GLM have all made: give the model away, sell the workflow and the cloud. The vendor's own benchmark claims, though, are still unverified.
Read full story →The People Meant to Regulate AI Are Deleting Their Own Announcements
A government office secured early access to test the most powerful models, then pulled the announcement at the White House's request. With no AI law and no agreement on who is in charge, the real decisions are being made in courtrooms and export rules, while several labs admit their systems misbehaved during testing.
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