• The value of US government's stake in Intel has increased fourfold to ~$36B, a roughly $27B paper gain since they announced the investment in August 2025 (Bloomberg)
• A $16B financing for a giant Oracle data center in Michigan has closed, with BofA selling $14B in bonds; Oracle plans to use the campus to power apps for OpenAI (Bloomberg)
• LinkedIn profile review shows Thinking Machines Lab has been hiring more researchers from Meta than from any other employer; TML's headcount now stands at ~140 (Connie Loizos/TechCrunch)
• Adyen plans to acquire Talon.One, a platform for loyalty and incentives that serves more than 300 global merchants, for €750M, expected to close in H2 2026 (PYMNTS.com)
• Anthropic details Project Deal, a marketplace experiment where Claude models bought, sold, and negotiated personal belongings on behalf of Anthropic employees (Anthropic)
• Lawmakers and lobbyists say the Trump administration has lobbied against legislation that would regulate AI in at least six Republican-led states (Amrith Ramkumar/Wall Street Journal)
• Instacart co-founder Apoorva Mehta launches Abundance, a hedge fund that aims to have AI agents run the entire fund, with $100M in seed funding (Hema Parmar/Bloomberg)
• Europe's dependence on US companies in tech and finance is in no small part its own fault after overregulation left European businesses too weak to compete (The Economist)
• A US judge dismisses Elon Musk's fraud claims in his lawsuit against OpenAI at his request, and plans to proceed to trial on other claims (Jonathan Stempel/Reuters)
• The US CFTC sues New York, accusing the state of invading its authority to regulate prediction markets by filing lawsuits against Coinbase and Gemini (Jonathan Stempel/Reuters)
• Diplomatic cable: US State Department has ordered a global push to bring attention to alleged distillation of US models by Chinese labs, including DeepSeek (Raphael Satter/Reuters)
• Thrive is taking a stake in the San Francisco Giants via a new venture that will invest in franchises and cultural institutions that can't be replicated by AI (Kate Clark/Wall Street Journal)
• Brazil's Finance Minister Dario Durigan says the country has blocked prediction market platforms and tightened derivatives rules to curb "bet-like" products (Reuters)
• Sources: the WH pushed out the head of the Center for AI Standards and Innovation, Collin Burns, a former Anthropic researcher, after just four days on the job (Ian Duncan/Washington Post)
• Series, founded by two seniors at Yale to build an AI-powered social network on iMessage, raised a $5.1M pre-seed from Reddit CEO Steve Huffman and others (Dominic-Madori Davis/TechCrunch)
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