On April 6, 2026, the three largest AI labs announced they are sharing intelligence to stop adversarial distillation by Chinese AI companies. Anthropic documented 16 million suspicious exchanges across 24,000 fraudulent accounts. Here is what adversarial distillation is, why it matters, and what the technical countermeasures look like.

Q1 2026 saw record AI funding - $297 billion including OpenAI's $122B round. But strip away the headlines and ask: where does the money actually flow? Infrastructure, training, enterprise tools, or products people use? A breakdown of capital allocation with a critical look at whether spending matches value creation.