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The US-led cluster of companies training frontier AI from scratch, raising more than US$375bn in early 2026, reshaping corporate competition, export controls, and global geopolitics.
·4 takes ·Jul 3
California's San Francisco Bay Area technology cluster, capturing nearly half of all US venture capital in 2025 and anchoring the global race in AI and defence technology.
·4 takes ·Jul 3

The briefing, by email