Custom silicon, futures contracts, and a five-hundred-million-dollar law firm
Mistral spent one morning announcing chip ambitions, an Airbus and BMW supply deal, and a push to ensure Europe's independence from US tech giants. ByteDance is building its own CPUs. Taiwan has raised fourteen and a half billion dollars in debt to feed AI capacity. Shanghai and US exchanges are drafting futures contracts for compute. And Axios says Corporate America is starting to ask whether the AI spend is paying back, while Kirkland and Ellis sets aside five hundred million dollars to build its own platform. The day the infrastructure layer got financialized — and a lot of buyers looked…
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