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Meta's Free Model, Google's TPUs, and CoreWeave's Debt — October 16, 2026
Meta gave away an 816-billion-parameter model, free to self-host on two of Apple's chips. CoreWeave's bond investors watched its default insurance spike into distress territory this week. Same week, free AI got cheaper and the debt behind it got scarier. We go through why five equally smart models cost four times apart to run, the decision model that beat its rivals by eight points, and why one percent of companies account for eighty percent of AI spending.
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The skinny
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