Two Sessions to Decide the DeepSeek Question — Then Alphabet Speaks

A shorter read for a deciding day — companion to this morning’s Morning 10. The full three-part series on Kimi K3 is on file: what happened · the chip chain · the Rubin map.

The shock is one week old

Kimi K3 was released on Thursday the 16th in Shanghai; by Friday’s close the two companies that dominate electronic design automation had surrendered fifteen billion dollars of market value, and by this Friday’s close the damage had spread far past its origin: the Rubin Build layer finished the week down 9.3%, the semiconductor …