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KKR raised $10B for AI infra

The hyperscalers reported the largest combined capex quarter on record this week, and the public markets split sharply on whether it's worth it: Alphabet closed its best month since 2004, Meta its worst day since October. OpenAI announced it has hit its 2029 compute target three years early. KKR quietly stood up a $10B+ AI-infrastructure operating company. The build-out is going faster than projected.

Paul Smalera

Artificial Intelligence

May 1, 2026

Paul Smalera

Artificial Intelligence

May 1, 2026

SpaceX S-1: $26.5T from AI

Paul Smalera

Tim Cook out. Ternus gets a $4T Apple

Paul Smalera

Anthropic Says No to $800 Billion

Paul Smalera

CoreWeave has now signed the four biggest AI labs

Paul Smalera

Dario's notes on Sam. Anthropic's $30B run rate.

Paul Smalera

The robot money is here

Paul Smalera

OpenAI is eating the developer stack

Paul Smalera

Anthropic's $380B valuation has a new problem

Paul Smalera

The AI infrastructure boom has legs. Literally.

Paul Smalera

A Substack post helped tank the Dow 800 points. Here's why it matters for private markets

Paul Smalera

The $1 trillion question hanging over private markets

Paul Smalera

The $285B wakeup call—and the $100B+ bet on what comes next

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SpaceX and xAI in merger talks ahead of IPO

Paul Smalera

2025’s hottest sectors for secondary market investment

Noel Moldvai

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