Hardware
Big Tech's AI boom echoes the 1870s railroad buildout, and Nvidia shifting risk to institutional capital may expose investors if AI revenues fail to materialize (Ben Thompson/Stratechery)
Ben Thompson / Stratechery: Big Tech's AI boom echoes the 1870s railroad buildout, and Nvidia shifting risk to institutional capital may expose investors if AI revenues fail to materialize — On Januar
Ben Thompson / Stratechery: Big Tech's AI boom echoes the 1870s railroad buildout, and Nvidia shifting risk to institutional capital may expose investors if AI revenues fail to materialize — On January 1, 1870, Jay Cooke, hailed as an American hero for his role in financing the Union effort in the Civil War …
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- AI inference startup Etched raised 800M from investors including Jane Street and a TSMC-linked venture firm, and says it has signed sales contracts worth 1B (Dina Bass/Bloomberg)
- UK-based AI infrastructure startup Nscale secures a $900M line of credit to expand its data center buildout across Europe, the US, and the Asia Pacific (Mauro Orru/Wall Street Journal)
- Sources: Cursor is in advanced talks to raise about 2B co-led by a16z at a pre-money valuation of more than 50B, with Nvidia participating (Bloomberg)
Source: Techmeme | 2026-08-11