The Brutalist Report - tech
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- Cisco reports Q1 revenue up 24% YoY to $18.5B, above $18.14B est., adjusted EPS above estimates, and raises its FY 2027 revenue forecast (Anzar Mehraj/Reuters) [1d]
- The FBI says North Korean hackers stole $400M+ in crypto in the last 18 months using "FaceStealer", a scheme involving fake video calls and AI deepfakes (A.J. Vicens/Reuters) [1d]
- Analysis of open weights: six models from DeepSeek, Moonshot, MiniMax, and Ant Group released since April carry fingerprints of export-controlled Blackwell GPUs (Will DePue/Unemployment Labs) [1d]
- The DOJ says it got court authorization to seize or restrain $1.2B of the $2.7B frozen by Tether and Circle after North Korea's $6.3B Binance hack on October 29 (Myles Miller/Bloomberg) [1d]
- Artificial Analysis' Intelligence Index: Gemini 4 Hydrogen nearly ties Claude Sonnet 5.5 and GPT-6.1 Sol, at a third of Sonnet's cost but ~2.5x that of Sol (@artificialanlys) [1d]
- Sources: OpenAI confirmed to lawmakers this week that it would support a bipartisan effort in Congress to curb China's access to AI chips and chipmaking tools (Bloomberg) [1d]
- Sources: Kalshi is in talks to raise funding at a $65B valuation, weeks after closing a round at a $40B valuation; its annual run rate recently surpassed $5B (Bloomberg) [1d]
- Cerebras reports Q3 core revenue up 70% YoY to $230.9M, vs. $214.7M est., issues strong guidance, and announces a Microsoft deal; CBRS jumps 15%+ after hours (Jordan Novet/CNBC) [1d]
- US AG Todd Blanche says the DOJ has not yet reached a conclusion on whether Alice Huang was a Chinese spy and "of course" the FBI is investigating (Reuters) [1d]
- Sources: Anthropic's IPO is about six times oversubscribed, and bankers have told prospective investors that existing backers will be prioritized (Bailey Lipschultz/Bloomberg) [1d]
- SpaceX plans to invest $50B in an Arizona data center campus and $24B in a Texas campus; in October, it said its AI business generated 50%+ of its revenue (Grace Kay/New York Times) [1d]
- No new articles in the Past 3 Hours.
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