Latest

What lenders charge CoreWeave: about 16% on its unsecured bond due 2031 in mid-October, against an expected 7–7.5% on its next loan secured by customer contracts and servers

CoreWeave's Bonds Hit 16%. Its Next Loan Leans on Its Customers' Contracts Instead.

Revenue rose 168% and the forecast went up. The news was one line from the finance chief: no new unsecured debt at today's yields. The next loan is backed by customer contracts and the servers, at about 7%.

Article/NOV 12, 2026/3 min read

Timeline of Intel from June 2018 to 2021: the CEO resigned over a relationship, the CFO ran Intel as interim CEO and was then named CEO; in July 2020 its next chip was a year late and the chief engineer left; in January 2021 an engineer was named CEO

The CFO Behind Nvidia's Circular Financing Now Runs Nvidia

Nvidia has guaranteed up to $108 billion for its customers, $105 billion of it for one OpenAI data-center campus. Its CFO, who defended those deals, now runs the company. I give 3% that she formally cuts even $1 billion of it for risk reasons by June 2027.

Article/NOV 12, 2026/7 min read

Seven data-center and crypto-mining freezes since 2019, start to end: Amsterdam, Singapore, Northern Virginia and Dublin ended in zones, permits or rationed connections; the Netherlands and China in permanent limits; New York's successor is unclear

Three Governors Already Froze Data Centers. 78% Chance Another State Does by June.

Three US governors froze new data centers with a signature, no vote needed. I put 78% on another state by June, and history says what comes next is rationing.

Article/NOV 9, 2026/9 min read

Viet Phan in the auditorium before the talks, with the Seznam Meetup 26 programme on the screen behind

Google's Czech Rival Built Its AI on a Google Model. The Textbook Fine-Tune Broke It.

And 6 other takeaways from a meetup at Seznam, the Czech search unicorn that competes with Google.

Article/NOV 6, 2026/6 min read

Anthropic's operating result, Q2 to Q3 2026, in $M: +974, plus 5,401 more revenue, minus 4,305 more compute, minus 677 of other costs net, minus a 1,960 donation match, ending at −567

Anthropic's Employees Picked the Worst Quarter to Be Generous

Anthropic made an operating profit in Q2. In Q3 its employees gave to charity, Anthropic matched them 3 for 1 in new shares, and the profit was gone.

Article/NOV 4, 2026/10 min read

Monthly gains in the share of businesses paying for AI falling from 2.41 points in March to 0.62 in September

AI needs every office worker on Earth to pay $205 a month. The typical company pays $15.70.

AI spending needs a customer that does not exist yet: the build-out runs for a decade, while the typical company pays $15.70 per employee a month and the rush to buy is already slowing.

Article/NOV 1, 2026/10 min read

Since AI Mode, Google grows search by selling more clicks, not by raising prices

Google's Cloud Doubled. And That's the Problem.

Cloud grew 103% and the stock had its worst post-earnings day on record. Cloud eats cash, search makes it, and search is slowing, so Google now sells stock and borrows.

Article/OCT 29, 2026/5 min read

Viet PhanApple29 Oct 2026

Steve Jobs refused to put a touchscreen on the Mac. Your arm gets tired, and the screen wobbles every time you touch it.

Apple did it anyway, and charged $700 more for it.

Two panels. Left, labeled 2010: Steve Jobs smiling, with his quote "Your arm wants to fall off." Right, labeled 2026, $2,899: Hide the Pain Harold forcing a smile next to the new touchscreen MacBook Pro.

Latest

CoreWeave's Bonds Hit 16%. Its Next Loan Leans on Its Customers' Contracts Instead.

The CFO Behind Nvidia's Circular Financing Now Runs Nvidia

Three Governors Already Froze Data Centers. 78% Chance Another State Does by June.

Google's Czech Rival Built Its AI on a Google Model. The Textbook Fine-Tune Broke It.

Anthropic's Employees Picked the Worst Quarter to Be Generous

AI needs every office worker on Earth to pay $205 a month. The typical company pays $15.70.

Google's Cloud Doubled. And That's the Problem.

Claude's Work Inside Anthropic Is Now Worth More Than Its Payroll

Anthropic Lost $80.7 Billion. Its Last Quarter Made a Profit.

Ignore the $80.7B Loss. Watch These 6 Numbers.

CoreWeave's Bonds Hit 16%. Its Next Loan Leans on Its Customers' Contracts Instead.

The CFO Behind Nvidia's Circular Financing Now Runs Nvidia

Three Governors Already Froze Data Centers. 78% Chance Another State Does by June.

Google's Czech Rival Built Its AI on a Google Model. The Textbook Fine-Tune Broke It.

Anthropic's Employees Picked the Worst Quarter to Be Generous

AI needs every office worker on Earth to pay $205 a month. The typical company pays $15.70.

Google's Cloud Doubled. And That's the Problem.

Apple put a touchscreen on the MacBook Pro

Claude's Work Inside Anthropic Is Now Worth More Than Its Payroll

Anthropic Lost $80.7 Billion. Its Last Quarter Made a Profit.

Ignore the $80.7B Loss. Watch These 6 Numbers.