businessTuesday, August 25, 2026
Big companies are getting serious about owning their AI infrastructure. Thomson Reuters spent $40 million to build a proprietary LLM, and Revolut is starting an in-house AI research unit. Meanwhile, the messy reality of AI-generated marketing is making people recoil, and a chip acquisition shows the hardware race is still on.
Two companies decided they'd rather own their models than rent them.
Thomson Reuters built its own LLM called 'Thomson' for $40 million, a fraction of what frontier labs spend, by using open-source foundations. It's a bet that professional data, not brute compute, is the moat.
Revolut is starting an AI research unit to build models in-house, following the same logic as Thomson Reuters: owning the model means owning the stack.
Not everyone is thrilled with how AI looks in practice.
Small businesses are using AI-generated images for marketing, and the results are so bad that social media is calling them 'Lovecraftian horrors.' It's a useful reminder that cheap AI can also look cheap.
Infineon acquired Bengaluru-based C2i Semiconductors, a chip design startup focused on power management for AI. The hardware supply chain for AI is consolidating fast.
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