Evening Scan

Today's headline was supposed to be about who's building what in AI; instead the sharper stories were about who's paying for it, who's settling up, and who's openly warning that the hardware bill isn't going away. Also, Nike had a quarter.

$272.5M — what Lyft will pay to close out a 2020 driver-classification lawsuit. (TechCrunch)

Micron Projects Tightening RAM Shortages Through 2028 As It Generates Record Profit

A supplier posted record profit while stating the shortage worsens through 2028. (Slashdot)

Sources: Amazon has held talks with investors about a deal to spin off $8B of Grace Blackwell chips into an SPV, then lease them back for its US data centers (paywall)

Hyperscalers are getting creative with accounting to sustain GPU rack growth. (Financial Times)

Kevin Mandia's new 'agent swarm' security startup Armadin raises $255.5M at $2.5B valuation

The Mandiant founder launched a new company backed by major funding, betting that "AI agents to attack and defend" remains an easy pitch. (TechCrunch)

Nike Revenue Down As Company Signals Workforce Reduction

$11.2 billion in quarterly revenue, down 4% and below Wall Street's consensus, with job cuts now in play. (Front Office Sports)

Apple's reportedly developing a smart home camera that doesn't record video

A security camera that sends text descriptions instead of footage trades video surveillance for privacy, or replaces "someone's at the door" with a notification. (The Verge)