The Brutalist Report

Techmeme

Sources and docs detail defense tech startup Shield AI's struggles to overcome years of technical hitches and safety concerns with its V-BAT autonomous drone (David Jeans/Reuters) [38d]
Marvell and Flex, a contract manufacturer for electronics, will join the S&P 500; MRVL jumps 6%+ after hours after closing down 16.74% amid a broader sell-off (Kif Leswing/CNBC) [38d]
Source: OpenAI and White House are discussing a government stake in the company, to seed something like the "Public Wealth Fund" that OpenAI outlined earlier (CNBC) [38d]
Sources: Apollo and Blackstone finalized a $35B package for Anthropic to lease TPUs; Broadcom is backstopping payments on the debt's largest senior portions (Bloomberg) [38d]
Trump signs a national security memorandum seeking to "accelerate the use of AI across intelligence and warfighting domains in line with American values" (Reuters) [38d]
US-traded chipmakers plunged on Friday, after Broadcom missed expectations; Nvidia fell 6.19%, Micron fell 13.25%, AMD fell 10.86%, and Broadcom 7.92% (Noel Randewich/Reuters) [38d]
Bitcoin falls below $60K, its lowest level since October 2024, amid a record streak of bitcoin ETF outflows following Strategy's bitcoin sale (CNBC) [38d]
Sources: AI coding startup Lovable is in talks to raise funding at a $12B valuation, up from $6.6B in December 2025 (Rashi Shrivastava/Forbes) [38d]
Filing: Google has agreed to pay SpaceX $920M a month for access to Nvidia chips as part of a cloud-services deal that runs through mid-2029 (Lynn Doan/Bloomberg) [38d]
Sources: Revolut is looking to run a secondary share sale that would value it at $115B, after receiving a UK bank license and applying for a charter in the US (Bloomberg) [38d]
President Trump says he is weighing proposals for the US government to partner with major AI companies, and will soon discuss the idea with their executives (Bloomberg) [38d]
Sources: Meta is exploring a stock offering to raise tens of billions of dollars to fund AI capital expenditures, following Google's record $85B share deal (Financial Times) [38d]