Weekend tech news:
- Alibaba’s AI infrastructure is still running at full capacity on Nvidia chips acquired back in 2018, and the company expects its AI assets to generate robust cash flow after a three-year payback period.
- A federal judge has overturned former Google engineer Linwei Ding’s economic espionage convictions, ruling prosecutors failed to prove he intended to benefit the Chinese government.
- SK hynix is exploring a massive new memory chip fab in Japan’s Miyagi prefecture to meet soaring global demand, with a potential investment reaching tens of trillions of won.
- Indian regulators have ordered Google to shut down hundreds of Firebase accounts, linking the platform to bank-impersonation scams involving malware and stolen financial data.
- JPMorgan says Tesla is prioritizing its Cybercab project over expanding its Model Y robotaxi fleet, expressing confidence it can scale the new model in the near term.
- Waymo has secured CPUC approval to expand its autonomous ride-hailing service across the San Francisco Bay Area and Los Angeles, plus into new markets Sacramento and San Diego, guided by a phased safety framework.
- Tesla is set to recall nearly 2.98 million China-made and imported Model 3, Y, S, and X vehicles starting Sept 25—the largest recall in the company’s market history—over emergency door release and driver-attention monitoring concerns.
- A tailor-configured Ferrari Luce fetched $40 million at the RM Sotheby’s Monterey auction, with all proceeds going to The Ferrari Foundation to support future educational initiatives.
- Despite beating loss estimates, Pony AI’s stock dipped in premarket after revenue rose 68.8% YoY to $36.22 million from Robotaxi and Robotruck services, though it missed the $67.03 million consensus estimate.
- Dogecoin spiked on renewed speculative momentum, primarily driven by former President Trump’s call for federal regulatory reform and support for the CLARITY Act.
- VanEck’s Matthew Sigel reaffirms a $100,000 Bitcoin price target for 2027, suggesting $500,000 by 2029 is plausible if the cycle plays out as usual.
- Coinbase CEO Brian Armstrong believes the year-long crypto spot trading bear market is nearing its end, expressing optimism the upcoming CLARITY Act vote will secure over 60 votes.
- Bitcoin surged to its best performance since March 2023 after two Washington catalysts reignited investor interest, ending a period where it largely watched other assets rally through much of 2026.
A stock ticks up two cents. Someone bought it. A millisecond later, someone sold it. Both trades were the same machine.
In between them: your order.
This is how a single company in Chicago earns $10 billion a year. Without ever betting on a stock going up or down.
Michael Lewis put it on 60 Minutes in 2014. The book became a bestseller. Congress held hearings. A new exchange opened just to fight it.
Nothing broke the machine.
Here's exactly what it does.
You place an order. A machine somewhere else sees it before the exchange does. Buys the stock a millisecond earlier. One cent cheaper. Two cents cheaper. Then turns and sells it back to you.
You never see the trade.
You never see the machine.
You just get filled a fraction late, at a fraction worse.
One cent. Two cents.
Billions of shares a day.
That's not gambling. That's a toll booth.
The company is called Citadel Securities. It handles more than a third of every retail trade in America. The man who built it is Ken Griffin. Forty-three billion dollars, and not one of them came from being right about a stock.
He doesn't predict where prices go. He gets paid every time prices move at all.
The stock market isn't a place where prices are discovered.
It's a place where prices are sold to you.
Fourteen minutes below. It will change every trade you place after.
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