On Friday a single filing reset the AI power map: Google agreed to pay SpaceX $920 million a month for compute, making the rocket company a landlord to its own rivals days before a record IPO. Meanwhile Washington opened talks to take equity in the labs, Trump signed a national-security AI memorandum, and New York and Illinois moved to slow the data-center buildout from below.

Jonas Vale on who's renting, who's buying in, and who absorbs the risk — plus the SpaceX prospectus that stays silent on frontier danger, China's first post-training run on Huawei silicon, an AI-designed vaccine in human trials, and the four-year-old bug Claude found in Zcash.

• Google to pay SpaceX $920M a month for xAI compute capacity (CNBC)
• Sawyer Merritt on the combined SpaceX compute run rate
• Sawyer Merritt: the 1995 thought experiment
• Nathan Calvin on the SpaceX prospectus and frontier risk
• Trump–Altman talks on a US equity stake in OpenAI (CNBC)
• The Public Wealth Fund proposal and sovereign-fund context (Techmeme)
• Michael Kratsios on the National Security AI memorandum
• OpenAI to comply with pre-release model assessment order (Techmeme)
• New York's one-year data-center moratorium (The Verge)
• Pritzker pauses Illinois data-center tax breaks (NBC News)
• Huawei Ascend chips used to post-train DeepSeek V4 Pro (SCMP)
• EU Communication on European Tech Sovereignty and open-source strategy
• First AI-designed vaccine antigen enters human trials (ScienceDaily)
• Claude finds a four-year-old infinite-mint bug in Zcash