The Brutalist Report

Techmeme

Intel names former SK Hynix CEO Seok-Hee Lee as EVP of Intel Foundry; Naga Chandrasekaran will lead front-end technology development and front-end manufacturing (Juby Babu/Reuters) [24d]
Sources: Kalshi is generating $2B+ in annualized revenue, up about three times from November, and has held informal talks with banks about an eventual IPO (Yueqi Yang/The Information) [24d]
Snap plans to spin off an internal generative AI video team into Dotmo, a new company focused on AI models for interactive gaming experiences, citing high costs (Lucas Ropek/TechCrunch) [24d]
Sources: Meta is under contract to buy roughly 1.6 GW of computing capacity from Crusoe across two data centers in Texas and Missouri (Bloomberg) [24d]
Unsealed docs: Google lost a court fight against a 2023 US warrant in a Jan. 6 pipe bomb probe seeking info of 300+ users who searched for the RNC and DNC HQs (Zoe Tillman/Bloomberg) [24d]
Sources: the White House and Anthropic are working on a framework that would assess the severity of AI security flaws, a sign that negotiations are progressing (Politico) [24d]
Sources: APEC, a derivatives exchange founded by the 22-year-old son of pro-crypto Senator Kirsten Gillibrand, raised $30M led by Lux at a $300M valuation (Ben Weiss/Fortune) [24d]
GLM-5.2 is the leading open weights model on Artificial Analysis' Intelligence Index, scoring 51, only behind Fable 5's 60, Opus 4.8's 56, and GPT-5.5's 55 (Artificial Analysis) [24d]
New book: Trump mocked Zuckerberg and Bezos by showing associates their fawning texts, saying they were "kissing my ass"; Musk called it "First-class groveling" (Hugo Lowell/Wired) [24d]