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Race to AGI Daily Digest - Wednesday, May 27, 2026
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TLDR
A $1.6B IREN–Dell deal around NVIDIA Blackwell hardware shows how quickly AI cloud capacity is being locked in through mega-contracts.
Micron and SK Hynix joining the $1T AI chip club confirms that the AI trade now includes memory and broader semiconductor players, not just NVIDIA.
Pope Leo XIV’s AI encyclical faces claims of AI-generated passages even as it calls for stricter AI rules, deepening the faith-and-governance storyline.
The Full Story
Following Monday’s Qualcomm surge and Tuesday’s push to wire ChatGPT into PowerPoint, today feels like the other shoe dropping: the infrastructure race is going parabolic while the moral debate gets messier.
On the tech side, a $1.6B deal will see IREN build out AI cloud capacity around NVIDIA’s new Blackwell chips with Dell as a key supplier. That’s a huge bet that tomorrow’s models will be even more compute-hungry than today’s. You can dig into the details here: IREN–Dell Blackwell deal ->. For Dell, this is a statement that it wants a real seat at the AI datacenter table alongside Nvidia -> and Microsoft ->.
Markets are all-in on that story. AMD, Arm and Qualcomm all popped again today, and Micron plus SK Hynix just joined the $1T AI chip valuation club. That extends the national security‑tinged chip story we’ve been tracking since the decision to allow controlled H200 exports to China under the AI chip export reckoning narrative ->.
Now swing back to “Faith and AI Governance Collide.” Pope Leo XIV’s encyclical urging the world to “disarm” AI is still echoing, but a new twist landed: analysts say parts of the text may themselves be AI‑generated. That controversy sits right inside a document warning about opaque, concentrated AI power. You can read our roundup of the encyclical’s demands here: Pope Leo AI encyclical coverage ->.
At the same time, Sam Altman is now playing down the idea of a near-term jobs apocalypse, softening language that previously sparked fears about mass automation: Altman jobs remarks update ->. And while all this plays out, core dev plumbing like GitHub Actions keeps wobbling, fueling debates about how ready our software stack really is for AGI-era workloads: HN thread on GitHub Actions outages ->.
So by midweek, the picture is sharp: capital and chips are sprinting ahead, but trust, governance and even the reliability of our tools are struggling to keep pace.
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