GPU’s By Intel, Google’s Annual Revenue Tops $400 Billion, and Burry’s Doomsday Bitcoin Report EV Design

Dipo Owolabi
2 days ago
4 min read

Intel just signaled a late but serious push into GPUs, betting it can still muscle its way into the AI hardware boom. At the same time, Alphabet smashed through $400 billion in annual revenue as AI-fueled growth turns Google into a $4 trillion titan. Meanwhile, Michael Burry is sounding the alarm on Bitcoin’s slide and the “sickening scenarios” it could trigger across markets, and French prosecutors just raided Elon Musk’s X over deepfake and abuse content. Big tech flexes, crypto wobbles, and regulators step in. All this and more in today’s Read It And Eat!

Markets Around The World

Markets as of 4th February 2026. Cells in RED mean that the value is down, cells in Green mean the value is up.

MAJOR HEADLINES

Intel’s Latest Focus; GPU Chip Design and Production

Intel is making a fresh push into the fast-growing GPU market as part of its broader attempt to regain relevance in the AI arms race. CEO Lip-Bu Tan confirmed the company has hired a new chief architect to help lead its expansion into chips designed to power large language models and data-center AI workloads, a space currently dominated by Nvidia and AMD. While Intel has long produced CPUs, its GPU ambitions signal a strategic pivot toward higher-growth, higher-margin AI infrastructure.

The move reflects mounting pressure on Intel to prove it can compete in the most lucrative segment of the semiconductor industry. Demand for AI accelerators has exploded as tech giants and enterprises rush to build out data centers and AI services. Intel’s struggle to keep pace in this market has weighed on its reputation as a cutting-edge chip designer, even as its foundry business begins to attract renewed investor optimism.

Still, Intel faces a steep uphill battle. Nvidia’s software ecosystem and developer loyalty give it a massive moat, while AMD has carved out strong momentum as a credible second option. Intel’s success will hinge not just on new hardware, but on whether it can build a competitive AI platform that developers actually want to use and deliver it on time after years of execution missteps. CNBC

Alphabet Smashes Earnings as Revenue Tops $400B for First Time

Alphabet posted blockbuster earnings, becoming the first company in history to generate more than $400 billion in annual revenue. The Google parent’s stock has surged over 70% in six months, recently pushing its market cap past $4 trillion and placing it just behind Nvidia as the world’s most valuable company. The numbers signal that Alphabet’s long-feared slowdown has been replaced by a powerful new growth cycle.

AI is now the engine of that revival. The strong reception to Gemini 3, alongside growing demand for Alphabet’s custom AI chip Ironwood, has reignited confidence in Google’s ability to compete with Nvidia and Microsoft in the infrastructure layer of the AI economy. Cloud revenue is accelerating, and management expects demand to expand rapidly through 2026 as enterprises embed AI into core operations.

The results also reshape the Big Tech hierarchy. Alphabet is no longer just a search-and-ads company it’s positioning itself as a full-stack AI platform spanning models, chips, cloud, and consumer distribution. The question now isn’t whether Alphabet can compete in AI, but whether its scale and distribution will allow it to dictate the next phase of how AI is built and monetized globally. Forbes

Michael Burry Warns of Cataclysmic Death Spiral as Bitcoin Slips deeper

Michael Burry, famed for predicting the 2008 housing crash, is sounding alarms over bitcoin’s latest downturn, warning that deeper declines could trigger cascading damage across markets. He argued that crypto losses are already spilling into traditional assets, pointing to recent drops in gold and silver as evidence that speculative unwinding in digital assets can ripple into commodity markets and broader risk sentiment.

Burry outlined what he called “sickening scenarios” if bitcoin falls below key levels, including steep losses for companies and funds heavily exposed to crypto. Institutions that used bitcoin as a treasury asset or collateral could face balance-sheet stress, forced selling, and margin calls, potentially amplifying volatility across equities and credit markets.

More broadly, Burry’s warning highlights how crypto is no longer an isolated corner of finance. As digital assets become intertwined with hedge funds, corporate treasuries, ETFs, and derivatives markets, a sharp crypto downturn now carries systemic implications. What was once dismissed as speculative noise is increasingly capable of transmitting real financial shocks. Bloomberg

X Offices Raided in France as Musk’s AI Empire Faces Legal Heat

French prosecutors raided the offices of X as part of an investigation into the alleged spread of child abuse imagery and nonconsensual deepfake content on the platform. Authorities also summoned Elon Musk for questioning, signaling a major escalation in legal scrutiny of how content moderation and AI-generated material are handled on social media. The case follows global outrage over Grok, xAI’s chatbot, generating sexualized deepfakes in response to user prompts.

The probe extends beyond France. UK regulators have also launched formal investigations into how X and xAI handled personal data during the development and deployment of Grok. Together, the actions signal that regulators are no longer treating AI safety as a theoretical concern, but as an active enforcement priority tied to real-world harms.

For Musk, the legal pressure lands at a delicate moment. His strategy of tightly integrating X with xAI is meant to turn the social platform into a data engine for AI development. But the raids underscore the risk of that approach: blending user-generated content, weak moderation, and powerful generative models creates a regulatory flashpoint that could reshape how AI products are built, deployed, and governed worldwide. AP News

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