Technology

Bret Taylor's Sierra Raises $950M at $15.8B Valuation as ARR Hits $150M

Sierra is now valued at $15.8B and has more than $1B in cash. The interesting number isn't the valuation — it's the ARR curve from $100M to $150M in three months.

Daily Roundup

The Daily Roundup: Sneaker News x BAPE STA "Day & Night," Knicks-76ers Game 2, and Cerebras' $26.6B IPO Filing — May 6, 2026

Sneaker News drops its first-ever collaboration — a BAPE STA 'Day & Night' NYC pack in two tight editions (1,386 'Day,' 556 'Night') hitting StockX today at $349. Cerebras files for a $26.6B Nasdaq IPO the same week Knicks-76ers Game 2 tips at MSG.

Technology

JPMorgan Reclassifies AI Spending as Core Infrastructure in $19.8B 2026 Budget

JPMorgan moved AI off the experimental ledger and onto core infrastructure, anchoring a $19.8B 2026 tech budget. The dollar figure isn't the news. The accounting category is. Here's what changes when a top-five US bank decides AI sits next to the payment rails.

Daily Roundup

The Daily Roundup: Patta x Nike Mercurial Vapor 16 "Waves," Lakers-Thunder Game 1, Met Gala "Fashion Is Art," and Sierra's $950M AI Round - May 5, 2026

Patta's Mercurial Vapor 16 Waves ($320) is the most considered cleat of the World Cup cycle. Luka and Jalen Williams both sit out Game 1, Beyoncé returns to the Met carpet, and Sierra closes $950M to lead enterprise AI.

Technology

Novo Nordisk deploys OpenAI across its entire business

Novo Nordisk — the company behind Ozempic and Wegovy — is integrating OpenAI across drug discovery, manufacturing, supply chain, and commercial operations, with full integration targeted by end of 2026. It's the most ambitious enterprise AI deployment in pharma history.

Technology

SoftBank's Next $100 Billion Bet: A Robotics Company That Builds Data Centers

Masa Son is preparing to IPO a new venture called Roze at a $100 billion valuation. Roze's product? Robots that build the data centers that train the AI that runs the robots. The recursion is the point.

Technology

Google replaces ChromeOS with Aluminium OS in 2026

Google's new Android-based desktop OS, launching on HP, Lenovo, Acer, ASUS, and Samsung hardware later this year, is more than a ChromeOS rebrand. It's Google's first serious attempt to put a Gemini-native operating system inside a laptop you can buy at Best Buy.

Intelligence Brief

The Intelligence Brief: Brad Stevens, Patta's Federation Deal, and Big Tech's $700B Capex — May 2, 2026

A week defined by what gets built underneath: Brad Stevens wins Executive of the Year for engineering the post-apron playbook, Nike hands Patta an entire World Cup federation, Jay-Z enters the institutional songwriting canon, and Big Tech commits $700B in AI capex with no clear ceiling.

Daily Roundup

The Daily Roundup: Kobe 3 "Mambacita" Drops on Gigi's Birthday, NBA Game 6 Triple-Header, and Apple's Gemini-Powered Siri - May 1, 2026

May 1 opens with the Kobe 3 Mambacita — Nike's annual tribute to Gigi Bryant — alongside three NBA Game 6 closeout nights, the Michael Jackson biopic's $217M record opening, and Apple's Gemini-powered Siri making the AI consolidation era official.

Technology

Big Tech Will Spend $700 Billion on AI This Year

Combined hyperscaler capex is jumping from $410B in 2025 to nearly $700B in 2026. Meta alone is now budgeting $145B. Q1 capex across the four hyperscalers cleared $130B. The largest infrastructure buildout since the railroads has no defined finish line.

Technology

OpenAI Just Hit $25 Billion in Annualized Revenue

OpenAI is at $25B in annualized revenue with a public listing being framed at up to a $1 trillion valuation. Anthropic is at $19B and growing 10x year-over-year. The AI capital cycle has officially crossed into public-market territory.

Technology

Google launches TPU 8t for training and TPU 8i for inference

For ten years, AI accelerators have been general-purpose silicon. Google's eighth-generation TPU launch ended that. The TPU 8t is for training, the TPU 8i is for inference, and the rest of the industry now has to pick a side.