Capital
CodeRabbit's $1.5B Round Lets AI Approve Your Code
CodeRabbit raised $143M at a $1.5B valuation on August 12 and launched a feature that auto-approves AI-generated code. The real story: one vendor now grades and scans its own work.
All news
Energy
NESO Faces a Whistleblower Probe as Risk Reports Lapse
Ofgem has ordered an independent probe into NESO after whistleblowers alleged staff were told not to keep records during June's heatwave. NESO's own long-term risk reports will not return until late 2028.
Energy
Korea's Fastest Fabs Are Waiting on Its Slowest Grid
Samsung and SK Hynix are racing to open memory fabs 10 minutes apart in Yongin by 2027. The power grid and water supply those fabs need will not be finished until 2041. What that gap means for anyone buying AI memory.
Decisions
HPE-Juniper Settlement Survives the Judge's Doubts
A federal judge who questioned HPE's Juniper merger remedy in open court approved it anyway, rejecting a state challenge over lobbying and fired DOJ officials. What the ruling shows about how merger settlements actually get decided.
Cybersecurity
Trezor Breach Turns Addresses Into a Target List
ShipMonk, Trezor's shipping provider, was breached through a Metabase flaw, exposing addresses of nearly 13,700 hardware wallet buyers. Chainalysis data shows why that list is worth more to criminals than a password.
Capital
SoftBank Priced DigitalBridge Before Vantage Reset
SoftBank agreed to buy DigitalBridge for a fixed $4 billion in December 2025. Seven months later, Reuters reports DigitalBridge's own Vantage Data Centers stake is exploring a $100 billion IPO. Why the re-rating windfall goes to the buyer, not the sellers who already voted yes.
Decisions
Meta's $2 Billion Lesson in Offshore Wrappers
China's regulator forced Meta to unwind its $2 billion Manus acquisition, ruling that Singapore incorporation does not exempt a deal built on Chinese technology and talent from Beijing's review. The playbook every cross-border AI acquirer needs to update.
Infrastructure
TSMC's $29 Billion Buys a Tenth, Not a Fix
TSMC's board approved another $29.44 billion in capex on August 11, partly for advanced packaging. TrendForce still sees a 10 percent CoWoS supply gap at year end, and Nvidia's own bookings decide who feels the rest of it.
Gaming
EVE Online's Studio Hired an Ex-Minister to Run Its AI Program
Fenris Creations hired Iceland's former justice minister to run AI partnerships days after the EU AI Act's core rules took effect - while Iceland itself has not adopted them yet.
Energy
CenterPoint's 14 Gigawatts Come With a Forfeiture Clause
CenterPoint raised its 10-year capital plan to $66.7 billion on 14 GW of Texas data-center demand and promised $5 billion in customer savings. ERCOT's collateral rules, not the demand forecast, are what make that number credible.
Artificial Intelligence
Apple Pays Publishers Per Use, Not a Flat AI Fee
Apple is negotiating multiyear deals with a nine-figure budget that pay publishers each time Siri AI uses their content - a break from the flat licensing fees OpenAI and Perplexity have paid.
Energy
Five Critical Reactors, Zero Watts to the Grid
Five US start-up reactors went critical between June 4 and August 6, 2026 under a DOE pilot program built around a political deadline. None is NRC-licensed and none feeds a grid or a data centre yet.
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The Operator Brief
One considered note on infrastructure, governance, and measurement, most mornings. No theory.